Friday, August 01, 2014

Stocks Slighlty Lower into Afternoon on Rising European/Emerging Markets Debt Angst, Global Growth Fears, Ruaaia-Ukraine/Mideast Tensions, Financial/Tech Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Lower
  • Sector Performance: Most Sectors Declining
  • Volume: Slightly Above Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 16.73 -1.30%
  • Euro/Yen Carry Return Index 143.72 -.01%
  • Emerging Markets Currency Volatility(VXY) 6.72 -1.90%
  • S&P 500 Implied Correlation 59.54 -2.28%
  • ISE Sentiment Index 38.0 -44.93%
  • Total Put/Call 1.20 +22.45%
  • NYSE Arms .85 +44.38% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 65.70 +4.39%
  • European Financial Sector CDS Index 75.33 +2.92%
  • Western Europe Sovereign Debt CDS Index 37.73 +7.23%
  • Asia Pacific Sovereign Debt CDS Index 75.07 +.17%
  • Emerging Market CDS Index 280.20 +2.84%
  • China Blended Corporate Spread Index 309.59 +1.20%
  • 2-Year Swap Spread 21.0 +.75 basis point
  • TED Spread 21.75 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -9.5 unch.
Economic Gauges:
  • 3-Month T-Bill Yield .02% unch.
  • Yield Curve 203.0 unch.
  • China Import Iron Ore Spot $95.20/Metric Tonne -.42%
  • Citi US Economic Surprise Index -13.0 -.5 point
  • Citi Emerging Markets Economic Surprise Index -.40 +2.0 points
  • 10-Year TIPS Spread 2.25 -3.0 basis points
Overseas Futures:
  • Nikkei Futures: Indicating -14 open in Japan
  • DAX Futures: Indicating +1 open in Germany
Portfolio: 
  • Slightly Lower: On losses in my tech sector longs and emerging markets shorts
  • Disclosed Trades: None
  • Market Exposure: 50% Net Long

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