Tuesday, September 19, 2017

Stocks Slightly Higher into Final Hour on Tax/Healthcare Reform Hopes, Economic Optimism, Technical Buying, Financial/Gaming Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Mixed
  • Volume: Around Average
  • Market Leading Stocks: Outperforming
Equity Investor Angst:
  • Volatility(VIX) 10.23 +.79%
  • Euro/Yen Carry Return Index 139.47 +.29%
  • Emerging Markets Currency Volatility(VXY) 7.72 +.52%
  • S&P 500 Implied Correlation 23.78 -1.95%
  • ISE Sentiment Index 45.0 -37.97%
  • Total Put/Call .75 -17.6%
  • NYSE Arms 1.0 +11.67%
Credit Investor Angst:
  • North American Investment Grade CDS Index 55.03 -1.53%
  • America Energy Sector High-Yield CDS Index 413.0 -1.52%
  • European Financial Sector CDS Index 46.42 -2.73%
  • Western Europe Sovereign Debt CDS Index 4.72 +.75%
  • Asia Pacific Sovereign Debt CDS Index 17.97 -1.45%
  • Emerging Market CDS Index 174.68 +2.34%
  • iBoxx Offshore RMB China Corporate High Yield Index 141.65 -.07%
  • 2-Year Swap Spread 26.0 unch.
  • TED Spread 29.75 +.25 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -25.5 -1.0 basis points
Economic Gauges:
  • Bloomberg Emerging Markets Currency Index 74.59 +.07%
  • 3-Month T-Bill Yield 1.03% +1.0 basis point
  • Yield Curve 84.0 unch.
  • China Import Iron Ore Spot $68.85/Metric Tonne -4.06%
  • Citi US Economic Surprise Index -17.50 +5.1 points
  • Citi Eurozone Economic Surprise Index 21.20 +3.0 points
  • Citi Emerging Markets Economic Surprise Index 15.40 +1.0 basis point
  • 10-Year TIPS Spread 1.88 unch.
  • 13.8% chance of Fed rate hike at Nov. 1 meeting, 56.9% chance at Dec. 13 meeting
Overseas Futures:
  • Nikkei 225 Futures: Indicating -114 open in Japan 
  • China A50 Futures: Indicating -14 open in China
  • DAX Futures: Indicating -12 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my tech sector longs
  • Disclosed Trades: None of note
  • Market Exposure: 100% Net Long

No comments: