- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Below Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 16.2 -14.7%
- Bloomberg Global Risk On/Risk Off Index 3,139.0 +250.0 points
- Euro/Yen Carry Return Index 135.14 +.67%
- Emerging Markets Currency Volatility(VXY) 8.8 -1.5%
- S&P 500 Implied Correlation 46.4 -4.0%
- ISE Sentiment Index 131.0 +25.0 points
- Total Put/Call .84 -2.3%
- NYSE Arms .43 -70.3%
Credit Investor Angst:
- North American Investment Grade CDS Index 48.09 -1.6%
- US Energy High-Yield OAS 381.43 -1.6%
- European Financial Sector CDS Index 54.17 -2.0%
- Italian/German 10Y Yld Spread 106.0 -1.0 basis point
- Asia Ex-Japan Investment Grade CDS Index 89.17 +.33%
- Emerging Market CDS Index 159.22 -1.9%
- China Corp. High-Yield Bond USD ETF(KCCB) 38.71 unch.
- 2-Year Swap Spread 8.25 unch.
- TED Spread 8.0 -1.0 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -5.75 +.5 basis point
- MBS 5/10 Treasury Spread 70.25 +.25 basis point
- IHS Markit CMBX BBB- 6 73.5 -.25 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 59.94 +.28%
- 3-Month T-Bill Yield .05% unch.
- Yield Curve 112.0 +2.0 basis points
- China Iron Ore Spot 206.65 USD/Metric Tonne +1.2%
- Citi US Economic Surprise Index -.3 -.7 point
- Citi Eurozone Economic Surprise Index 87.10 -4.5 points
- Citi Emerging Markets Economic Surprise Index 70.9 +3.0 points
- 10-Year TIPS Spread 2.29 +5.0 basis points
- 100.0% chance of no change at Nov. 3rd meeting, 100.0% chance of no change at Dec. 15th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +635 open in Japan
- China A50 Futures: Indicating +99 open in China
- DAX Futures: Indicating -3 open in Germany
Portfolio:
- Higher: On gains in my commodity/industrial/tech/biotech sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100% Net Long
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