Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Most Sectors Rising
- Volume: Above Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 13.2 -4.0%
- Euro/Yen Carry Return Index 125.94 +.3%
- Emerging Markets Currency Volatility(VXY) 6.70 +.6%
- S&P 500 Implied Correlation 39.9 -3.7%
- ISE Sentiment Index 111.0 -23
- Total Put/Call .77 -6.1%
- NYSE Arms 1.48 +45.1%
Credit Investor Angst:
- North American Investment Grade CDS Index 4535 -2.26%
- America Energy Sector High-Yield CDS Index 516.0 +2.97%
- European Financial Sector CDS Index 52.67 -2.79%
- Italian/German 10Y Yld Spread 162.0 -4.25 basis points
- Asia Ex-Japan Investment Grade CDS Index 55.52 -.44%
- Emerging Market CDS Index 180.35 -1.53%
- iBoxx Offshore RMB China Corporate High Yield Index 168.33 +.09%
- 2-Year Swap Spread 6.5 -.75 basis point
- TED Spread 34.75 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -3.25 -4.5 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 66.64 +.42%
- 3-Month T-Bill Yield 1.53% +1.0 basis point
- Yield Curve .28 unch.
- China Iron Ore Spot 93.90 USD/Metric Tonne +.43%
- Citi US Economic Surprise Index .3 +4.6 points
- Citi Eurozone Economic Surprise Index 43.70 +.9 point
- Citi Emerging Markets Economic Surprise Index -7.5 +.9 basis point
- 10-Year TIPS Spread 1.76 +1.0 basis point
- 4.7% chance of Fed rate cut at March 18th meeting, 12.1% chance of cut at April 29th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +390 open in Japan
- China A50 Futures: Indicating +172 open in China
- DAX Futures: Indicating +65 open in Germany
Portfolio:
- Higher: On gains in my biotech/tech/industrial/medical/retail sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges and some of my emerging markets shorts
- Market Exposure: Moved to 100% Net Long
No comments:
Post a Comment