Thursday, June 08, 2017

Stocks Slightly Lower into Final Hour on UK Election Uncertainty, Technical Selling, Profit-Taking, Utility/Gold & Silver Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Above Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 10.01 -3.66%
  • Euro/Yen Carry Return Index 128.83 -.16%
  • Emerging Markets Currency Volatility(VXY) 8.15 unch.
  • S&P 500 Implied Correlation 39.17 -4.16%
  • ISE Sentiment Index 104.0 +60.0%
  • Total Put/Call .64 -28.9%
  • NYSE Arms 1.14 +4.8%
Credit Investor Angst:
  • North American Investment Grade CDS Index 61.32 +.66%
  • America Energy Sector High-Yield CDS Index 414.0 +3.41%
  • European Financial Sector CDS Index 66.56 -3.47%
  • Western Europe Sovereign Debt CDS Index 7.80 -5.57%
  • Asia Pacific Sovereign Debt CDS Index 18.18 -1.09%
  • Emerging Market CDS Index 195.76 +.66%
  • iBoxx Offshore RMB China Corporate High Yield Index 138.80 +.03%
  • 2-Year Swap Spread 21.25 +.5 basis point
  • TED Spread 23.25 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -33.25 -1.0 basis point
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 73.30 +.04%
  • 3-Month T-Bill Yield .99% unch.
  • Yield Curve 87.0 +1.0 basis point
  • China Import Iron Ore Spot $55.43/Metric Tonne n/a
  • Citi US Economic Surprise Index -43.20 -.8 point
  • Citi Eurozone Economic Surprise Index 39.50 +.5 point
  • Citi Emerging Markets Economic Surprise Index 11.0 +2.1 points
  • 10-Year TIPS Spread 1.80 unch.
  • 96.5% chance of Fed rate hike at July 26 meeting, 97.4% chance at Sept. 20 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +130 open in Japan 
  • China A50 Futures: Indicating -11 open in China
  • DAX Futures: Indicating +5 open in Germany
Portfolio: 
  • Higher: On gains in my biotech/tech sector longs 
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

1 comment:

Anonymous said...

Hi Gary, is there a way to get in contact with you via email?