Broad Equity Market Tone:
- Advance/Decline Line: Substantially Lower
- Sector Performance: Almost Sector Declining
- Volume: Around Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 20.0 +12.1%
- Euro/Yen Carry Return Index 129.02 -.43%
- Emerging Markets Currency Volatility(VXY) 9.07 -1.09%
- S&P 500 Implied Correlation 47.96 +1.74%
- ISE Sentiment Index 69.0 +6.15%
- Total Put/Call .91 +9.64%
- NYSE Arms 1.56 +178.5%
Credit Investor Angst:
- North American Investment Grade CDS Index 75.02 +3.72%
- America Energy Sector High-Yield CDS Index 711.0 +.21%
- European Financial Sector CDS Index 95.82 +4.94%
- Italian/German 10Y Yld Spread 250.5 +3.75 basis points
- Asia Ex-Japan Investment Grade CDS Index 86.83 +1.12%
- Emerging Market CDS Index 184.75 +2.63%
- iBoxx Offshore RMB China Corporate High Yield Index 154.40 +.02%
- 2-Year Swap Spread 15.25 -.25 basis point
- TED Spread 36.75 -1.5 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -1.0 +.25 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 67.67 -.36%
- 3-Month T-Bill Yield 2.40% +1.0 basis point
- Yield Curve 15.5 -1.75 basis points
- China Iron Ore Spot 72.41 USD/Metric Tonne +.15%
- Citi US Economic Surprise Index -5.80 +1.1 points
- Citi Eurozone Economic Surprise Index -71.0 +10.7 points
- Citi Emerging Markets Economic Surprise Index -10.6 +6.2 points
- 10-Year TIPS Spread 1.79 -3.0 basis points
- .5% chance of Fed rate hike at March 20th meeting, 4.6% chance at May 1st meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -217 open in Japan
- China A50 Futures: Indicating -53 open in China
- DAX Futures: Indicating -64 open in Germany
Portfolio:
- Lower: On losses in my tech/medical/retail/biotech/industrial sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges and to my emerging market shorts
- Market Exposure: Moved to 25% Net Long
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