Broad Equity Market Tone:
- Advance/Decline Line: About Even
- Sector Performance: Mixed
- Volume: Below Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 14.0 +11.29{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Euro/Yen Carry Return Index 132.60 -.38{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Emerging Markets Currency Volatility(VXY) 9.97 +.71{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- S&P 500 Implied Correlation 63.58 +2.25{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- ISE Sentiment Index 137.0 +28.04{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Total Put/Call .89 +4.71{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- NYSE Arms .89 +11.93{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
Credit Investor Angst:
- North American Investment Grade CDS Index 61.52 +1.72{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- America Energy Sector High-Yield CDS Index 1,115.0 -1.28{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- European Financial Sector CDS Index 62.54 +.12{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Western Europe Sovereign Debt CDS Index 21.90 -.05{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Asia Pacific Sovereign Debt CDS Index 58.80 +.67{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Emerging Market CDS Index 297.93 +.20{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- iBoxx Offshore RMB China Corporates High Yield Index 115.72 +.42{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- 2-Year Swap Spread 26.25 -.25 basis point
- TED Spread 26.25 +1.25 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -22.0 -.75 basis point
Economic Gauges:
- 3-Month T-Bill Yield .01{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} -1.0 basis point
- Yield Curve 140.0 +1.0 basis point
- China Import Iron Ore Spot $48.82/Metric Tonne +2.71{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Citi US Economic Surprise Index -45.60 +6.6 points
- Citi Eurozone Economic Surprise Index 56.20 -.7 point
- Citi Emerging Markets Economic Surprise Index -6.2 -15.2 points
- 10-Year TIPS Spread 1.81 -1.0 basis point
Overseas Futures:
- Nikkei Futures: Indicating +3 open in Japan
- DAX Futures: Indicating -25 open in Germany
Portfolio:
- Slightly Higher: On gains in my biotech/retail sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 25{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} Net Long
SOURCE: BETWEEN THE HEDGES – Read entire story here.
