Tuesday, August 19, 2014

Stocks Rising into Final Hour on Diminished Russia-Ukraine Tensions, Buyout Speculation, Diminishing Global Growth Fears, Homebuilding/Retail Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Modestly Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Light
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 12.11 -1.70%
  • Euro/Yen Carry Return Index 143.10 +.01%
  • Emerging Markets Currency Volatility(VXY) 6.67 -1.48%
  • S&P 500 Implied Correlation 48.43 -1.08%
  • ISE Sentiment Index 139.0 +37.62%
  • Total Put/Call .88 -1.12%
  • NYSE Arms .62 -28.88% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 57.0 -.14%
  • European Financial Sector CDS Index 64.12 -2.60%
  • Western Europe Sovereign Debt CDS Index 31.92 -6.12%
  • Asia Pacific Sovereign Debt CDS Index 69.35 -1.58%
  • Emerging Market CDS Index 266.39 -1.05%
  • China Blended Corporate Spread Index 312.36 -1.17%
  • 2-Year Swap Spread 23.0 -.25 basis point
  • TED Spread 21.25 +.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -14.25 +.5 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .02% -1.0 basis point
  • Yield Curve 197.0 unch.
  • China Import Iron Ore Spot $93.0/Metric Tonne -.32%
  • Citi US Economic Surprise Index -1.80 +.2 point
  • Citi Emerging Markets Economic Surprise Index -12.30 unch.
  • 10-Year TIPS Spread 2.18 -1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +55 open in Japan
  • DAX Futures: Indicating +7 open in Germany
Portfolio: 
  • Higher: On gains in my biotech/tech/medical/retail sector longs
  • Disclosed Trades: None
  • Market Exposure: 75% Net Long

No comments: