Friday, February 17, 2017

Stocks Slightly Lower into Afternoon on Profit-Taking, Oil Decline, Yen Strength, Energy/Healthcare Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: About Even
  • Sector Performance: Mixed
  • Volume: Around Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 11.56 -1.7%
  • Euro/Yen Carry Return Index 125.07 -.95%
  • Emerging Markets Currency Volatility(VXY) 9.80 +.51%
  • S&P 500 Implied Correlation 43.97 -3.95%
  • ISE Sentiment Index 86.0 -10.42%
  • Total Put/Call 1.01 +13.48%
  • NYSE Arms 1.12 -13.59%
Credit Investor Angst:
  • North American Investment Grade CDS Index 63.76 +.56%
  • America Energy Sector High-Yield CDS Index 378.0 +.58%
  • European Financial Sector CDS Index 92.82 +1.39%
  • Western Europe Sovereign Debt CDS Index 22.0 -2.85%
  • Asia Pacific Sovereign Debt CDS Index 27.07 +.15%
  • Emerging Market CDS Index 222.54 +1.09%
  • iBoxx Offshore RMB China Corporate High Yield Index 134.60 +.08%
  • 2-Year Swap Spread 36.25 +.5 basis point
  • TED Spread 53.75 +2.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -25.75 -.75 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 71.33 -.32%
  • 3-Month T-Bill Yield .52% unch.
  • Yield Curve 122.0 -2.0 basis points
  • China Import Iron Ore Spot $90.37/Metric Tonne +.34%
  • Citi US Economic Surprise Index 53.10 -.5 point
  • Citi Eurozone Economic Surprise Index 41.50 -.9 point
  • Citi Emerging Markets Economic Surprise Index 42.10 +1.5 points
  • 10-Year TIPS Spread 2.02 -1.0 basis point
  • 56.1% chance of Fed rate hike at May 3 meeting, 74.7% chance at June 14 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -89 open in Japan 
  • China A50 Futures: Indicating +2 open in China
  • DAX Futures: Indicating +13 open in Germany
Portfolio: 
  • Higher: On gains in my in my biotech/medical/tech/retail sector longs 
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

No comments: