Tuesday, February 05, 2019

Stocks Rising into Final Hour on Earnings Optimism, Dovish FOMC Commentary, Technical Buying, Tech/Retail Sector Strength

 Broad Equity Market Tone:
  • Advance/Decline Line: Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 15.60 -.83%
  • Euro/Yen Carry Return Index 130.43 -.15%
  • Emerging Markets Currency Volatility(VXY) 8.82 -1.12%
  • S&P 500 Implied Correlation 42.20 -3.94%
  • ISE Sentiment Index 80.0 -23.1%
  • Total Put/Call .86 +3.61%
  • NYSE Arms 1.43 +60.7%
Credit Investor Angst:
  • North American Investment Grade CDS Index 64.21 -1.75%
  • America Energy Sector High-Yield CDS Index 662.0 -.36%
  • European Financial Sector CDS Index 85.72 -2.87%
  • Italian/German 10Y Yld Spread 262.5 +6.75 basis points
  • Asia Ex-Japan Investment Grade CDS Index 77.87 -.44%
  • Emerging Market CDS Index 166.13 -2.71%
  • iBoxx Offshore RMB China Corporate High Yield Index 156.20 +.02%
  • 2-Year Swap Spread 14.25 -.25 basis point
  • TED Spread 32.5 -2.25 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -4.75 +1.25 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 68.76 +.03%
  • 3-Month T-Bill Yield 2.40% +2.0 basis points
  • Yield Curve 17.75 -1.0 basis point
  • China Iron Ore Spot 86.0 USD/Metric Tonne -.15%
  • Citi US Economic Surprise Index 17.0 -1.3 points
  • Citi Eurozone Economic Surprise Index -71.5 -6.7 points
  • Citi Emerging Markets Economic Surprise Index -13.2 -.7 point
  • 10-Year TIPS Spread 1.87 unch.
  • 0.0% chance of Fed rate hike at May 1st meeting, 4.7% chance at June 19th meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating +111 open in Japan 
  • China A50 Futures: Indicating +176 open in China
  • DAX Futures: Indicating +5 open in Germany
Portfolio: 
  • Higher: On gains in my tech/retail/industrial sector longs
  • Disclosed Trades: None
  • Market Exposure: 100% Net Long

No comments: