Stocks Slightly Higher into Final Hour on Central Bank Hopes, Euro Bounce, Less Emerging Markets Debt Angst, Metals & Mining/Hospital Sector Strength
Broad Equity Market Tone:
- Advance/Decline Line: Modestly Higher
- Sector Performance: Mixed
- Market Leading Stocks: Underperforming
Equity Investor Angst:
- Volatility(VIX) 13.01 -.08%
- Euro/Yen Carry Return Index 136.96 +.93%
- Emerging Markets Currency Volatility(VXY) 10.29 -.96%
- S&P 500 Implied Correlation 61.41 +1.94%
- ISE Sentiment Index 94.0 -5.05%
- Total Put/Call .82 +2.50%
Credit Investor Angst:
- North American Investment Grade CDS Index 62.29 -1.12%
- America Energy Sector High-Yield CDS Index 1,024.0 -.19%
- European Financial Sector CDS Index 67.33 +4.72%
- Western Europe Sovereign Debt CDS Index 21.76 -.14%
- Asia Pacific Sovereign Debt CDS Index 60.60 -.06%
- Emerging Market CDS Index 317.89 -1.28%
- iBoxx Offshore RMB China Corporates High Yield Index 114.25 +.04%
- 2-Year Swap Spread 27.25 +.75 basis point
- TED Spread 26.75 +.75 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -22.75 unch.
Economic Gauges:
- 3-Month T-Bill Yield .00% unch.
- Yield Curve 134.0 -1.0 basis point
- China Import Iron Ore Spot $54.81/Metric Tonne +.27%
- Citi US Economic Surprise Index -73.30 -1.2 points
- Citi Eurozone Economic Surprise Index 39.70 -.5 point
- Citi Emerging Markets Economic Surprise Index .7 +1.3 points
- 10-Year TIPS Spread 1.75 -2.0 basis points
Overseas Futures:
- Nikkei Futures: Indicating -45 open in Japan
- DAX Futures: Indicating +25 open in Germany
Portfolio:
- Slightly Higher: On gains in my medical/tech/retail sector longs
- Market Exposure: 50% Net Long
No comments:
Post a Comment