Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Around Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 19.2 -10.7%
- Euro/Yen Carry Return Index 133.83 +.52%
- Emerging Markets Currency Volatility(VXY) 10.20 +1.49%
- S&P 500 Implied Correlation 45.32 -4.06%
- ISE Sentiment Index 76.0 -15.6%
- Total Put/Call 1.02 -8.9%
- NYSE Arms .84 -44.7%
Credit Investor Angst:
- North American Investment Grade CDS Index 79.33 -.77%
- America Energy Sector High-Yield CDS Index 703.0 +.99%
- European Financial Sector CDS Index 99.79 -5.26%
- Italian/German 10Y Yld Spread 290.75 -16.0 basis points
- Asia Pacific Sovereign Debt CDS Index 10.25 -3.37%
- Emerging Market CDS Index 217.50 -.41%
- iBoxx Offshore RMB China Corporate High Yield Index 148.02 +.64%
- 2-Year Swap Spread 18.0 -1.0 basis point
- TED Spread 30.25 +2.25 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -27.5 +5.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 66.91 -.30%
- 3-Month T-Bill Yield 2.39% +1.0 basis point
- Yield Curve 23.25 +.5 basis point
- China Iron Ore Spot 64.2 USD/Metric Tonne +2.26%
- Citi US Economic Surprise Index -.8 -8.1 points
- Citi Eurozone Economic Surprise Index -64.30 -9.0 points
- Citi Emerging Markets Economic Surprise Index -6.60 +3.1 points
- 10-Year TIPS Spread 1.97 -1.0 basis point
- 78.0% chance of Fed rate hike at Jan. 30th meeting, 89.5% chance at March 20th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +258 open in Japan
- China A50 Futures: Indicating +65 open in China
- DAX Futures: Indicating +8 open in Germany
Portfolio:
- Higher: On gains in my tech/biotech/medical/retail/industrial sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 75% Net Long
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