Thursday, December 15, 2016

Stocks Higher into Final Hour on Economic Optimism, Yen Weakness, Technical Buying, Hospital/Transport Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Mixed
  • Volume: Above Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 12.78 -3.11%
  • Euro/Yen Carry Return Index 128.41 -.26%
  • Emerging Markets Currency Volatility(VXY) 11.48 +2.96%
  • S&P 500 Implied Correlation 49.59 -2.26%
  • ISE Sentiment Index 140.0 +91.78%
  • Total Put/Call .86 -3.37%
  • NYSE Arms .94 -28.2%
Credit Investor Angst:
  • North American Investment Grade CDS Index 68.79 +.01%
  • America Energy Sector High-Yield CDS Index 441.0 +.25%
  • European Financial Sector CDS Index 94.81 -.33%
  • Western Europe Sovereign Debt CDS Index 20.63 +.19%
  • Asia Pacific Sovereign Debt CDS Index 37.37 +4.17%
  • Emerging Market CDS Index 248.62 -.8%
  • iBoxx Offshore RMB China Corporate High Yield Index 132.98 -.03%
  • 2-Year Swap Spread 25.0 +1.75 basis points
  • TED Spread 46.75 +2.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -54.75 -1.0 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 69.50 -.41%
  • 3-Month T-Bill Yield .50% -3.0 basis points
  • Yield Curve 133.0 +5.0 basis points
  • China Import Iron Ore Spot $81.50/Metric Tonne +2.93%
  • Citi US Economic Surprise Index 37.0 +9.5 points
  • Citi Eurozone Economic Surprise Index 64.40 +6.9 basis points
  • Citi Emerging Markets Economic Surprise Index 3.50 +.4 point
  • 10-Year TIPS Spread 1.92% -4.0 basis points
  • 33.1% chance of Fed rate hike at March 15 meeting, 46.4% chance at May 3 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +212 open in Japan 
  • China A50 Futures: Indicating +1 open in China
  • DAX Futures: Indicating -3 open in Germany
Portfolio: 
  • Higher: On gains in my tech/biotech/medical sector longs
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

No comments: