Broad Equity Market Tone:
- Advance/Decline Line: Lower
- Sector Performance: Almost Every Sector Declining
- Volume: Above Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 13.14 +31.0%
- Euro/Yen Carry Return Index 133.67 +.25%
- Emerging Markets Currency Volatility(VXY) 7.63 +.66%
- S&P 500 Implied Correlation 36.75 +11.5%
- ISE Sentiment Index 88.0 +4.8%
- Total Put/Call .96 +2.13%
- NYSE Arms .48 -33.96%
Credit Investor Angst:
- North American Investment Grade CDS Index 61.75 +2.08%
- America Energy Sector High-Yield CDS Index 462.0 -2.55%
- European Financial Sector CDS Index 52.54 -.43%
- Western Europe Sovereign Debt CDS Index 6.09 -4.62%
- Asia Pacific Sovereign Debt CDS Index 19.69 +.82%
- Emerging Market CDS Index 202.43 +2.02%
- iBoxx Offshore RMB China Corporate High Yield Index 139.54 -.02%
- 2-Year Swap Spread 21.75 unch.
- TED Spread 28.5 -1.0 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -27.75 +1.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 72.89 -.22%
- 3-Month T-Bill Yield 1.02% +2.0 basis points
- Yield Curve 90.0 +3.0 basis points
- China Import Iron Ore Spot $64.71/Metric Tonne +3.82%
- Citi US Economic Surprise Index -76.40 +1.1 points
- Citi Eurozone Economic Surprise Index 73.60 +13.8 points
- Citi Emerging Markets Economic Surprise Index 10.10 -.3 point
- 10-Year TIPS Spread 1.74 -1.0 basis point
- 27.8% chance of Fed rate hike at Sept. 20 meeting, 29.3% chance at Nov. 1 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -210 open in Japan
- China A50 Futures: Indicating -145 open in China
- DAX Futures: Indicating -28 open in Germany
Portfolio:
- Lower: On losses in my tech/medical/biotech sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges and to my (EEM) short
- Market Exposure: Moved to 75% Net Long
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