- Advance/Decline Line: Substantially Higher
- Sector Performance: Most Sectors Rising
- Volume: Above Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 20.8 -2.1%
- Bloomberg Global Risk On/Risk Off Index 1,564.0 +100.0 points
- Euro/Yen Carry Return Index 130.90 +.22%
- Emerging Markets Currency Volatility(VXY) 10.4 +1.2%
- S&P 500 Implied Correlation 47.7 unch.
- ISE Sentiment Index 119.0 -21.0 points
- Total Put/Call .65 unch.
- NYSE Arms .88 -15.4%
Credit Investor Angst:
- North American Investment Grade CDS Index 50.11 +.79%
- US Energy High-Yield OAS 635.79 -1.7%
- European Financial Sector CDS Index 54.55 -4.4%
- Italian/German 10Y Yld Spread 117.0 +1.0 basis point
- Asia Ex-Japan Investment Grade CDS Index 57.07 -.98%
- Emerging Market CDS Index 158.85 -1.04%
- iBoxx Offshore RMB China Corporate High Yield Index 182.04 +.35%
- 2-Year Swap Spread 8.25 +.5 basis point
- TED Spread 15.0 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -20.0 -2.25 basis points
- MBS 5/10 Treasury Spread 70.5 -.5 basis point
- IHS Markit CMBX BBB- 6 71.0 unch.
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 62.13 +.7%
- 3-Month T-Bill Yield .08% unch.
- Yield Curve 75.75 -2.25 basis points
- China Iron Ore Spot 144.10 USD/Metric Tonne +2.7%
- Citi US Economic Surprise Index 74.30 -.9 point
- Citi Eurozone Economic Surprise Index 136.7 +1.7 points
- Citi Emerging Markets Economic Surprise Index 60.30 -1.8 points
- 10-Year TIPS Spread 1.90 +3.0 basis points
- 100.0% chance of no change at Jan. 27th meeting, 100.0% chance of no change at March 17th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +74 open in Japan
- China A50 Futures: Indicating -22 open in China
- DAX Futures: Indicating -31 open in Germany
Portfolio:
- Slightly Higher: On gains in my tech/industrial/biotech/medical sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 75% Net Long
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