Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Most Sectors Rising
- Volume: Above Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 14.9 -.8%
- Euro/Yen Carry Return Index 126.11 +.54%
- Emerging Markets Currency Volatility(VXY) 6.74 -.74%
- S&P 500 Implied Correlation 42.15 -2.18%
- ISE Sentiment Index 91.0 -18
- Total Put/Call .87 -12.1%
- NYSE Arms .56 -59.7%
Credit Investor Angst:
- North American Investment Grade CDS Index 48.08 -2.59%
- America Energy Sector High-Yield CDS Index 637.0 +.55%
- European Financial Sector CDS Index 54.71 -.91%
- Italian/German 10Y Yld Spread 150.25 -2.25 basis points
- Asia Ex-Japan Investment Grade CDS Index 62.81 -.86%
- Emerging Market CDS Index 187.92 -2.56%
- iBoxx Offshore RMB China Corporate High Yield Index 167.02 -.29%
- 2-Year Swap Spread 1.75 +.75 basis point
- TED Spread 32.25 -1.25 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -19.75 +1.75 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 66.06 +.24%
- 3-Month T-Bill Yield 1.56% unch.
- Yield Curve .23 +5.0 basis points
- China Iron Ore Spot 92.23 USD/Metric Tonne -.23%
- Citi US Economic Surprise Index -4.0 -8.2 basis points
- Citi Eurozone Economic Surprise Index 8.5 +.8 point
- Citi Emerging Markets Economic Surprise Index -21.4 +1.9 basis points
- 10-Year TIPS Spread 1.73 +3.0 basis points
- 13.5% chance of Fed rate cut at March 18th meeting, 22.5% chance of cut at April 29th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +300 open in Japan
- China A50 Futures: Indicating +109 open in China
- DAX Futures: Indicating +15 open in Germany
Portfolio:
- Higher: On gains in my tech/medical/industrial/retail/biotech sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long
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