Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Sector Rising
- Volume: Above Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 17.7 -2.0%
- Euro/Yen Carry Return Index 129.66 +.28%
- Emerging Markets Currency Volatility(VXY) 9.21 -1.6%
- S&P 500 Implied Correlation 46.63 +.93%
- ISE Sentiment Index 59.0 -37.2%
- Total Put/Call .80 unch.
- NYSE Arms .54 -40.7%
Credit Investor Angst:
- North American Investment Grade CDS Index 72.93 -1.68%
- America Energy Sector High-Yield CDS Index 720.0 -1.23%
- European Financial Sector CDS Index 93.51 -2.73%
- Italian/German 10Y Yld Spread 246.75 -5.5 basis points
- Asia Ex-Japan Investment Grade CDS Index 86.55 -2.26%
- Emerging Market CDS Index 179.94 -3.18%
- iBoxx Offshore RMB China Corporate High Yield Index 154.19 -.02%
- 2-Year Swap Spread 15.50-.5 basis point
- TED Spread 38.25 +.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -1.25 -1.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 67.99 -.04%
- 3-Month T-Bill Yield 2.39% -1.0 basis point
- Yield Curve 17.25 -.75 basis point
- China Iron Ore Spot 73.91 USD/Metric Tonne +.74%
- Citi US Economic Surprise Index -6.90 -3.7 points
- Citi Eurozone Economic Surprise Index -81.7 +1.5 points
- Citi Emerging Markets Economic Surprise Index -16.8 +1.8 points
- 10-Year TIPS Spread 1.82 unch.
- 1.5% chance of Fed rate hike at March 20th meeting, 7.6% chance at May 1st meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +264 open in Japan
- China A50 Futures: Indicating +90 open in China
- DAX Futures: Indicating +27 open in Germany
Portfolio:
- Higher: On gains in my tech/medical/retail/biotech/industrial sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long
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