Thursday, August 14, 2014

Stocks Higher into Final Hour on Central Bank Hopes, Less Eurozone Debt Angst, Short-Covering, Homebuilding/Healthcare Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: Slightly Higher
  • Sector Performance: Mixed
  • Volume: Below Average
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 12.79 -.85%
  • Euro/Yen Carry Return Index 143.01 +.08%
  • Emerging Markets Currency Volatility(VXY) 6.72 -1.61%
  • S&P 500 Implied Correlation 51.31 +.10%
  • ISE Sentiment Index 70.0 -12.50%
  • Total Put/Call .97 +3.19%
  • NYSE Arms 1.20 -5.53% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 59.49 -2.01%
  • European Financial Sector CDS Index 65.96 -4.46%
  • Western Europe Sovereign Debt CDS Index 33.43 -4.27%
  • Asia Pacific Sovereign Debt CDS Index 72.81 +.90%
  • Emerging Market CDS Index 272.61 -1.14%
  • China Blended Corporate Spread Index 315.62 -.32%
  • 2-Year Swap Spread 23.0 unch.
  • TED Spread 20.25 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -13.50 -1.5 basis points
Economic Gauges:
  • 3-Month T-Bill Yield .03% unch.
  • Yield Curve 199.0 -1.0 basis point
  • China Import Iron Ore Spot $93.20/Metric Tonne unch.
  • Citi US Economic Surprise Index -2.60 -2.3 points
  • Citi Emerging Markets Economic Surprise Index -7.70 -2.2 points
  • 10-Year TIPS Spread 2.22 -1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating -10 open in Japan
  • DAX Futures: Indicating +9 open in Germany
Portfolio: 
  • Higher: On gains in my tech/biotech/biotech sector longs
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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