Friday, January 02, 2015

Stocks Reversing Lower into Final Hour on Rising Global Growth Fears, Emerging Markets Debt Angst, Technical Selling, Gaming/Homebuilding Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Most Sectors Declining
  • Volume: Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 18.31 -4.64%
  • Euro/Yen Carry Return Index 150.95 -.29%
  • Emerging Markets Currency Volatility(VXY) 10.76 -.37%
  • S&P 500 Implied Correlation 66.59 -1.97%
  • ISE Sentiment Index 64.0 +10.34%
  • Total Put/Call 1.23 +30.85%
  • NYSE Arms 1.45 -24.82% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 67.09 +1.11%
  • America Energy Sector High-Yield CDS Index 641.0 +1.3%
  • European Financial Sector CDS Index 62.87 -6.73%
  • Western Europe Sovereign Debt CDS Index 24.97 -8.47%
  • Asia Pacific Sovereign Debt CDS Index 68.39 +1.64%
  • Emerging Market CDS Index 346.75 +2.51%
  • China Blended Corporate Spread Index 342.45 +3.32%
  • 2-Year Swap Spread 22.75 -.25 basis point
  • TED Spread 22.50 -1.5 basis points
  • 3-Month EUR/USD Cross-Currency Basis Swap -14.75 -.25 basis point
Economic Gauges:
  • 3-Month T-Bill Yield .02% -2.0 basis points
  • Yield Curve 146.0 -5.0 basis points
  • China Import Iron Ore Spot $71.26/Metric Tonne unch.
  • Citi US Economic Surprise Index 28.30 -6.4 points
  • Citi Eurozone Economic Surprise Index 9.0 -1.2 points
  • Citi Emerging Markets Economic Surprise Index -11.90 +.5 point
  • 10-Year TIPS Spread 1.71 +3.0 basis points
Overseas Futures:
  • Nikkei Futures: Indicating +25 open in Japan
  • DAX Futures: Indicating +3 open in Germany
Portfolio: 
  • Higher: On gains in my biotech/tech sector longs, index hedges and emerging markets shorts 
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 25% Net Long

No comments: