- Small-Cap Growth -1.15%
- 1) Biotech -1.82% 2) HMOs -1.56% 3) Banks -1.21%
- FST, MILL, IDT, VIV, UBS, CTB, MTRN, VSTM, HTHT, DECK, ANGI, LQDT, NTES, CYOU, RCPT, APFC, RWT, ARII, ANF, CLDX, WLL, NAV, ACRX, BREW, NCR, ASML, FDS, FDO and BYI
- 1) CTB 2) OUTR 3) DECK 4) HPQ 5) ANGI
- 1) HPQ 2) SKS 3) DKS 4) ANF 5) IR
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On Monday, October 7, 2013, Inverse Volatility, XIV, plummeted, as Volatility, ^VIX, rose strongly sending Volatility ETNs/ETFs XVZ, TVIX,VIXY,VIXM, seen in this Finviz Screener, soaring, communicating that investors fear that the US Government will not come to political terms to deal with its ongoing budget deficits, and that the US may experience a default, this being the most fearsome of all investment fears, and as a result a global financial system meltdown has commenced, as is seen in the Global Financials, IXG, trading 1.0% lower.
The chart of Euro Yen Carry Trade, EUR/JPY, showed a close lower at 131.37, as the Yen, FXY, rose more strongly than the Euro, FXE, and communicates the end of Liberalism’s investment scheme of carry trade investing, stimulating investors to derisk and delever out of investments globally.
The stock has turned from risk on investment to risk off disinvestment, with the so called risk assets, trading lower in value: sectors trading lower included:
Biotechnology, IBB 2.1%
Small Cap Energy, PSCE 1.9, and Energy Production, XOP, 1.6
Nasdaq Internet, PNQI 1.8
Retail, XRT 1.7
Internet Retail, FDN 1.7
Regional Banks, KRE 1.7
Media, PBS 1.6
US Infrasturcture, PKB 1.6
Small Cap Industrials, PSCI 1.6
Small Cap Pue Value, RZV 1.6, with Business Services, SNX, BLOX, SSTK, CVO, ABM, CTAS, MMS, CBIZ, LIOX, Leasing Services, URI, UHAL, R, TAL, CAR, HTZ, Staffing Services, BBSI, KELSA, KFRC, HSII, TBI, TMH, ASGN, Banking Services, FIS, FISV, Payment Services, GPN, CATM, GDOT, Printing Services, VPRT, QUAD, CGX, Asset Managers, EF, PFG, BLK, AMG, BEN, FMGN, leading lower.
The strong trade lower in Transportation, XTN, 1.4%, and the rather weak trade lower in Industrials, XLI, 0.7%, coupled with the strong trade lower in Small Cap Industrials, PSCI, 1.6%, communicates Dow Theory concept that a Bear Market commenced in October 2013.
The Great Bear Market of October 2013 commenced on the fears of a US Default, and on fears that the monetary policies of the world central banks no longer stimulates investment and have actually turned “money good” investments bad.
The higher Yen, FXY, sent the Nikkei, NKY, tumbling 2.2%, making Japan the Bear Market nation loss leader; this as Bloomberg reports Japan current-account surplus plunges to record August low.
Monday October 7, 2013, marked the end of liberalism’s Nation Investment, EFA, on the exhaustion of the world central banks’ monetary authority, as well as the failure of carry trade investing, as Nation Investment, EFA, traded 1.0% lower; nations trading lower included the following
Indonesia, IDX 2.4, and Indonesia Small Cap, IDXJ, 3.6
Thailand, THD 2.0
Japan, EWJ, 1.8, and Japan Small Caps, 1.9
Australia, EWA 1.7, and Australia Small Caps, KROO 1.6
US Small Caps, IWM, 1.2
The chart of the AUD/JPY on October 7, 2013, shows a drop from October 4, 2013, value of 92.0 to 91.2, and was responsible for Australia, EWA, Australia Small Caps, KROO, Westpac Banking, WBK, Iron Ore Producer, BHP Billiton, BHP, Industrial Miners, PICK, Coal Miners, KOL, Uranium Miners, URA, trading lower.
Deleveraging out of the world’s leading commodity currency, the Australian Dollar, FXA, and the AUDJPY currency carry trade, marks the end of Liberalism’s age of carry trade investing
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