Friday, January 20, 2017

Stocks Slightly Higher into Afternoon on Earnings Optimism, Oil Gain, Technical Buying, Metals & Mining/Tech Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Slightly Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 12.26 -4.27%
  • Euro/Yen Carry Return Index 127.89 -.02%
  • Emerging Markets Currency Volatility(VXY) 11.02 +.46%
  • S&P 500 Implied Correlation 47.02 -2.7%
  • ISE Sentiment Index 74.0 +10.29%
  • Total Put/Call 1.03 +10.8%
  • NYSE Arms .79 -1.59%
Credit Investor Angst:
  • North American Investment Grade CDS Index 66.0 +.06%
  • America Energy Sector High-Yield CDS Index 428.0 -1.45%
  • European Financial Sector CDS Index 85.66 -.71%
  • Western Europe Sovereign Debt CDS Index 20.55 -1.58%
  • Asia Pacific Sovereign Debt CDS Index 34.48 -.5%
  • Emerging Market CDS Index 238.75 -.02%
  • iBoxx Offshore RMB China Corporate High Yield Index 133.06 +.04%
  • 2-Year Swap Spread 32.50 +1.5 basis points
  • TED Spread 55.0 +2.75 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -40.5 +1.75 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 70.26 +.48%
  • 3-Month T-Bill Yield .49% -2.0 basis points
  • Yield Curve 128.0 +4.0 basis points
  • China Import Iron Ore Spot $80.41/Metric Tonne -.72%
  • Citi US Economic Surprise Index 44.60 -.6 point
  • Citi Eurozone Economic Surprise Index 63.50 -2.6 basis points
  • Citi Emerging Markets Economic Surprise Index 38.50 +.2 point
  • 10-Year TIPS Spread 2.04 -2.0 basis points
  • 31.3% chance of Fed rate hike at March 15 meeting, 48.0% chance at May 3 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -22 open in Japan 
  • China A50 Futures: Indicating +57 open in China
  • DAX Futures: Indicating -29 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my in my tech sector longs 
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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