Broad Equity Market Tone:
- Advance/Decline Line: Lower
- Sector Performance: Most Sectors declining
- Volume: Around Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 18.9 +4.0%
- Euro/Yen Carry Return Index 128.94 -.32%
- Emerging Markets Currency Volatility(VXY) 9.49 -.63%
- S&P 500 Implied Correlation 47.51 -1.78%
- ISE Sentiment Index 72.0 -35.7%
- Total Put/Call 1.05 -1.87%
- NYSE Arms .66 -28.3%
Credit Investor Angst:
- North American Investment Grade CDS Index 78.30 +1.10%
- America Energy Sector High-Yield CDS Index 735.0 +3.61%
- European Financial Sector CDS Index 104.63 +.03%
- Italian/German 10Y Yld Spread 261.25 -.25 basis point
- Asia Ex-Japan Investment Grade CDS Index 90.0 +.65%
- Emerging Market CDS Index 195.0 -.54%
- iBoxx Offshore RMB China Corporate High Yield Index 153.32 -.13%
- 2-Year Swap Spread 16.0 +.25 basis point
- TED Spread 37.25 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap 1.5 +1.75 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 67.95 +.06%
- 3-Month T-Bill Yield 2.41% unch.
- Yield Curve 17.25 +1.5 basis point
- China Iron Ore Spot 70.72 USD/Metric Tonne -1.08%
- Citi US Economic Surprise Index -5.50 +.6 point
- Citi Eurozone Economic Surprise Index -86.7 +1.9 points
- Citi Emerging Markets Economic Surprise Index -19.7 +.6 point
- 10-Year TIPS Spread 1.82 unch.
- .5% chance of Fed rate hike at March 20th meeting, 8.7% chance at May 1st meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -179 open in Japan
- China A50 Futures: Indicating +12 open in China
- DAX Futures: Indicating +3 open in Germany
Portfolio:
- Slightly Lower: On losses in my biotech/tech sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100% Net Long
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