Friday, January 13, 2017

Stocks Slightly Higher into Afternoon on Earnings Optimism, Economic Data, Short-Covering, Hospital/Construction Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Substantially Higher
  • Sector Performance: Most Sectors Rising
  • Volume: Below Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 11.35 -1.65%
  • Euro/Yen Carry Return Index 127.17 +.01%
  • Emerging Markets Currency Volatility(VXY) 11.24 -.88%
  • S&P 500 Implied Correlation 47.57 +1.65%
  • ISE Sentiment Index 92.0 +46.03%
  • Total Put/Call .87 -15.53%
  • NYSE Arms 1.11 -.30%
Credit Investor Angst:
  • North American Investment Grade CDS Index 65.62 -1.97%
  • America Energy Sector High-Yield CDS Index 427.0 +.45%
  • European Financial Sector CDS Index 86.90 -3.14%
  • Western Europe Sovereign Debt CDS Index 20.15 +3.41%
  • Asia Pacific Sovereign Debt CDS Index 33.49 -1.63%
  • Emerging Market CDS Index 235.74 -.76%
  • iBoxx Offshore RMB China Corporate High Yield Index 132.83 +.02%
  • 2-Year Swap Spread 29.25 unch.
  • TED Spread 51.0 -.5 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -41.0 +1.0 basis piont
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 70.1 +.02%
  • 3-Month T-Bill Yield .52% +1.0 basis point
  • Yield Curve 120.0 +1.0 basis point
  • China Import Iron Ore Spot $80.54/Metric Tonne -.56%
  • Citi US Economic Surprise Index 38.0 -3.5 points
  • Citi Eurozone Economic Surprise Index 74.80 -.8 basis point
  • Citi Emerging Markets Economic Surprise Index 37.60 -.2 point
  • 10-Year TIPS Spread 2.0 unch.
  • 31.3% chance of Fed rate hike at March 15 meeting, 45.0% chance at May 3 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -7 open in Japan 
  • China A50 Futures: Indicating +43 open in China
  • DAX Futures: Indicating -33 open in Germany
Portfolio: 
  • Higher: On gains in my in my retail/tech/medical/biotech sector longs 
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

No comments: