Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Below Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 13.29 -.97%
- Euro/Yen Carry Return Index 136.1 +.26%
- Emerging Markets Currency Volatility(VXY) 9.18 +.44%
- S&P 500 Implied Correlation 34.39 -4.31%
- ISE Sentiment Index 123.0 +24.24%
- Total Put/Call .83 -.17%
- NYSE Arms 1.16 -26.86%
Credit Investor Angst:
- North American Investment Grade CDS Index 61.88 +.28%
- America Energy Sector High-Yield CDS Index 355.0 -1.02%
- European Financial Sector CDS Index 67.77 +3.47%
- Italian/German 10Y Yld Spread 186.75 +21.75 basis points
- Asia Pacific Sovereign Debt CDS Index 12.49 -3.67%
- Emerging Market CDS Index 167.91 -1.79%
- iBoxx Offshore RMB China Corporate High Yield Index 149.51 +.21%
- 2-Year Swap Spread 23.25 -.75 basis point
- TED Spread 43.0 -1.25 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -9.5 -2.5 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 71.0 +.03%
- 3-Month T-Bill Yield 1.90% +1.0 basis point
- Yield Curve 50.50 -1.5 basis points
- China Iron Ore Spot 65.45 USD/Metric Tonne +.26%
- Citi US Economic Surprise Index 11.30 -1.0 point
- Citi Eurozone Economic Surprise Index -81.40 +10.3 points
- Citi Emerging Markets Economic Surprise Index -5.50 -.8 point
- 10-Year TIPS Spread 2.17 unch.
- 100.0% chance of Fed rate hike at August 1 meeting, 100.0% chance at September 26 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +30 open in Japan
- China A50 Futures: Indicating +16 open in China
- DAX Futures: Indicating n/a open in Germany
Portfolio:
- Higher: On gains in my medical/industrial/retail/tech sector longs
- Disclosed Trades: None
- Market Exposure: 75% Net Long
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