Wednesday, January 25, 2017

Stocks Surging into Final Hour on Economic Optimism, Earnings Outlooks, Technical Buying, Tech/Homebuilding Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Higher
  • Sector Performance: Almost Every Sector Rising
  • Volume: Above Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 10.63 -3.97%
  • Euro/Yen Carry Return Index 127.46 -.09%
  • Emerging Markets Currency Volatility(VXY) 10.65 -.09%
  • S&P 500 Implied Correlation 45.34 -3.43%
  • ISE Sentiment Index 71.0 -19.32%
  • Total Put/Call .69 -8.0%
  • NYSE Arms .81 -13.7%
Credit Investor Angst:
  • North American Investment Grade CDS Index 64.28 -2.05%
  • America Energy Sector High-Yield CDS Index 412.0 -3.93%
  • European Financial Sector CDS Index 83.59 -1.75%
  • Western Europe Sovereign Debt CDS Index 19.92 -4.0%
  • Asia Pacific Sovereign Debt CDS Index 32.68 -2.02%
  • Emerging Market CDS Index 238.15 +.75%
  • iBoxx Offshore RMB China Corporate High Yield Index 133.36 +.07%
  • 2-Year Swap Spread 27.5 -3.25 basis points
  • TED Spread 54.0 +.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -35.0 +2.25 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 70.56 +.08%
  • 3-Month T-Bill Yield .49% -1.0 basis point
  • Yield Curve 128.0 +1.0 basis point
  • China Import Iron Ore Spot $82.49/Metric Tonne -.24%
  • Citi US Economic Surprise Index 43.50 -.9 point
  • Citi Eurozone Economic Surprise Index 51.20 -7.0 basis points
  • Citi Emerging Markets Economic Surprise Index 38.0 -1.6 points
  • 10-Year TIPS Spread 2.07 +2.0 basis points
  • 36.3% chance of Fed rate hike at March 15 meeting, 51.8% chance at May 3 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +238 open in Japan 
  • China A50 Futures: Indicating +69 open in China
  • DAX Futures: Indicating +10 open in Germany
Portfolio: 
  • Higher: On gains in my in my retail/tech/medical/biotech sector longs 
  • Disclosed Trades: None
  • Market Exposure: 75% Net Long

No comments: