Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Below Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 12.36 -1.04%
- Euro/Yen Carry Return Index 133.05 +1.17%
- Emerging Markets Currency Volatility(VXY) 12.2 -1.5%
- S&P 500 Implied Correlation 29.04 -2.16%
- ISE Sentiment Index 103.0 -23.1%
- Total Put/Call .77 -3.75%
- NYSE Arms .95 -10.69%
Credit Investor Angst:
- North American Investment Grade CDS Index 60.11 -2.04%
- America Energy Sector High-Yield CDS Index 407.0 -2.36%
- European Financial Sector CDS Index 82.10 -4.3%
- Italian/German 10Y Yld Spread 265.75 -5.5 basis points
- Asia Pacific Sovereign Debt CDS Index 10.82 -1.55%
- Emerging Market CDS Index 202.68 -2.36%
- iBoxx Offshore RMB China Corporate High Yield Index 151.0 +.04%
- 2-Year Swap Spread 19.75 -.5 basis point
- TED Spread 26.0 -2.0 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -8.5 +.75 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 66.88 +.46%
- 3-Month T-Bill Yield 2.06% +3.0 basis points
- Yield Curve 23.75 +.5 basis point
- China Iron Ore Spot 66.90 USD/Metric Tonne +.03%
- Citi US Economic Surprise Index -16.50 -.1 point
- Citi Eurozone Economic Surprise Index -9.0 +.4 point
- Citi Emerging Markets Economic Surprise Index -9.60 -.1 point
- 10-Year TIPS Spread 2.08 unch.
- 92.3% chance of Fed rate hike at Nov. 8th meeting, 97.5% chance at Dec. 19th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +121 open in Japan
- China A50 Futures: Indicating +80 open in China
- DAX Futures: Indicating +7 open in Germany
Portfolio:
- Higher: On gains in my tech/medical/retail/industrial/biotech sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 75% Net Long
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