Broad Equity Market Tone:
- Advance/Decline Line: Lower
- Sector Performance: Most Sectors Declining
- Volume: Below Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 17.1 +1.4%
- Euro/Yen Carry Return Index 138.08 +.25%
- Emerging Markets Currency Volatility(VXY) 8.40 +2.82%
- S&P 500 Implied Correlation 40.45 +2.4%
- ISE Sentiment Index 77.0 -9.4%
- Total Put/Call .95 -3.1%
- NYSE Arms 1.0 -4.57%
Credit Investor Angst:
- North American Investment Grade CDS Index 61.77 +2.05%
- America Energy Sector High-Yield CDS Index 422.0 +2.18%
- European Financial Sector CDS Index 56.90 -.23%
- Italian/German 10Y Yld Spread 115.75 -3.0 basis points
- Asia Pacific Sovereign Debt CDS Index 12.22 +2.26%
- Emerging Market CDS Index 140.40 -.17%
- iBoxx Offshore RMB China Corporate High Yield Index 149.31 +.12%
- 2-Year Swap Spread 27.25 -1.25 basis points
- TED Spread 55.25 -.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -11.0 -3.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 73.65 -.92%
- 3-Month T-Bill Yield 1.82% +2.0 basis points
- Yield Curve 50.0 +.25 basis point
- China Iron Ore Spot 68.05 USD/Metric Tonne +.07%
- Citi US Economic Surprise Index 33.10 +3.9 points
- Citi Eurozone Economic Surprise Index -83.30 +7.6 points
- Citi Emerging Markets Economic Surprise Index 8.3 +2.2 points
- 10-Year TIPS Spread 2.19 +1.0 basis point
- 91.8% chance of Fed rate hike at June 13 meeting, 92.3% chance at August 1 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +93 open in Japan
- China A50 Futures: Indicating -25 open in China
- DAX Futures: Indicating +1 open in Germany
Portfolio:
- Slightly Lower: On losses in my tech/industrial sector longs
- Disclosed Trades: None
- Market Exposure: 75% Net Long
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