- Advance/Decline Line: Substantially Lower
- Sector Performance: Mixed
- Volume: Below Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 17.5 +4.9%
- Bloomberg Global Risk On/Risk Off Index 3,104.0 -105.0 points
- Euro/Yen Carry Return Index 134.71 -.15%
- Emerging Markets Currency Volatility(VXY) 10.4 -1.8%
- S&P 500 Implied Correlation 50.2 +1.3%
- ISE Sentiment Index 122.0 +23.0 points
- Total Put/Call .71 -4.1%
- NYSE Arms 1.68 +60.0%
Credit Investor Angst:
- North American Investment Grade CDS Index 51.43 +.89%
- US Energy High-Yield OAS 455.40 -.19%
- European Financial Sector CDS Index 58.61 +1.27%
- Italian/German 10Y Yld Spread 103.0 unch.
- Asia Ex-Japan Investment Grade CDS Index 72.5 +2.1%
- Emerging Market CDS Index 179.36 +.64%
- iBoxx Offshore RMB China Corporate High Yield Index 189.28 +.01%
- 2-Year Swap Spread 11.75 -1.25 basis points
- TED Spread 18.0 unch.
- 3-Month EUR/USD Cross-Currency Basis Swap -3.25 -.75 basis point
- MBS 5/10 Treasury Spread 65.75 -1.25 basis points
- IHS Markit CMBX BBB- 6 73.25 unch.
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 60.46 -.01%
- 3-Month T-Bill Yield .01% unch.
- Yield Curve 149.0 +1.0 basis point
- China Iron Ore Spot 166.80 USD/Metric Tonne +1.15%
- Citi US Economic Surprise Index 35.40 -1.8 points
- Citi Eurozone Economic Surprise Index 150.10 -.3 point
- Citi Emerging Markets Economic Surprise Index 23.0 -2.2 points
- 10-Year TIPS Spread 2.33 unch.
- 94.4% chance of no change at June 16th meeting, 94.4% chance of no change at Sept. 22nd meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +37 open in Japan
- China A50 Futures: Indicating -45 open in China
- DAX Futures: Indicating +23 open in Germany
Portfolio:
- Slightly Lower: On losses in my biotech/energy sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long
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