Stocks Slightly Higher into Final Hour on Stable Long-Term Rates, Weak Yen, Investor Performance Angst, Metals & Mining/Gaming Sector Strength
Broad Equity Market Tone:
- Advance/Decline Line: Lower
- Sector Performance: Mixed
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 13.90 +.80%
- Euro/Yen Carry Return Index 147.88 +.55%
- Emerging Markets Currency Volatility(VXY) 9.01 -1.64%
- S&P 500 Implied Correlation 50.62 +1.08%
- ISE Sentiment Index 127.0 -14.19%
- Total Put/Call .92 +6.98%
Credit Investor Angst:
- North American Investment Grade CDS Index 67.60 -2.77%
- European Financial Sector CDS Index 96.44 -4.45%
- Western Europe Sovereign Debt CDS Index 61.33 -4.17%
- Emerging Market CDS Index 287.40 -1.57%
- 2-Year Swap Spread 9.25 +.5 basis point
- TED Spread 19.25 +.75 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap 1.75 +1.0 basis point
Economic Gauges:
- 3-Month T-Bill Yield .05% -1.0 basis point
- Yield Curve 255.0 -1.0 basis point
- China Import Iron Ore Spot $139.40/Metric Tonne +.14%
- Citi US Economic Surprise Index 33.0 +.5 point
- Citi Emerging Markets Economic Surprise Index -15.20 -1.5 points
- 10-Year TIPS Spread 2.13 +1.0 basis point
Overseas Futures:
- Nikkei Futures: Indicating +29 open in Japan
- DAX Futures: Indicating -5 open in Germany
Portfolio:
- Slightly Lower: On losses in my biotech/retail sector longs
- Disclosed Trades: Added to my (IWM), (QQQ) hedges, then covered some of them
- Market Exposure: 50% Net Long
No comments:
Post a Comment