Broad Equity Market Tone:
- Advance/Decline Line: About Even
- Sector Performance: Mixed
- Volume: Around Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 11.82 -.42%
- Euro/Yen Carry Return Index 124.76 +.19%
- Emerging Markets Currency Volatility(VXY) 6.99 -.43%
- S&P 500 Implied Correlation 41.39 -.79%
- ISE Sentiment Index 79.0 -81
- Total Put/Call 1.07 +13.8%
- NYSE Arms 1.56 +62.5%
Credit Investor Angst:
- North American Investment Grade CDS Index 49.47 -1.6%
- America Energy Sector High-Yield CDS Index 618.0 +.60%
- European Financial Sector CDS Index 57.94 -1.93%
- Italian/German 10Y Yld Spread 154.0 +2.75 basis points
- Asia Ex-Japan Investment Grade CDS Index 65.09 -.43%
- Emerging Market CDS Index 203.04 -.16%
- iBoxx Offshore RMB China Corporate High Yield Index 168.03 -.01%
- 2-Year Swap Spread -.25 +1.0 basis point
- TED Spread 34.25 +1.0 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -13.75 unch.
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 65.23 -.19%
- 3-Month T-Bill Yield 1.58% unch.
- Yield Curve .16+1.0 basis point
- China Iron Ore Spot 84.08 USD/Metric Tonne -1.59%
- Citi US Economic Surprise Index 2.1 +1.9 basis points
- Citi Eurozone Economic Surprise Index -15.50 -.1 point
- Citi Emerging Markets Economic Surprise Index -27.20 +.6 basis point
- 10-Year TIPS Spread 1.64 unch.
- 11.7% chance of Fed rate cut at Jan. 29th meeting, 25.4% chance of cut at March 18th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +46 open in Japan
- China A50 Futures: Indicating -33 open in China
- DAX Futures: Indicating +10 open in Germany
Portfolio:
- Higher: On gains in my industrial/retail/medical/tech sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long