Monday, October 13, 2014

Stocks Lower into Final Hour on Global Growth Worries, Ebola Fears, Earnings Concerns, Energy/Airline Sector Weakness

Broad Equity Market Tone:
  • Advance/Decline Line: Slightly Higher
  • Sector Performance: Mixed
  • Volume: Heavy
  • Market Leading Stocks: Performing In Line
Equity Investor Angst:
  • Volatility(VIX) 21.11 -.61%
  • Euro/Yen Carry Return Index 142.13 +.17%
  • Emerging Markets Currency Volatility(VXY) 8.29 +.85%
  • S&P 500 Implied Correlation 61.22 -4.31%
  • ISE Sentiment Index 58.0 -15.94%
  • Total Put/Call 1.47 +21.49%
  • NYSE Arms .96 -30.22% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 71.38 -.65%
  • European Financial Sector CDS Index 68.79 -.89%
  • Western Europe Sovereign Debt CDS Index 26.51 +1.65%
  • Asia Pacific Sovereign Debt CDS Index 72.91 +2.42%
  • Emerging Market CDS Index 267.05 +.56%
  • China Blended Corporate Spread Index 328.69 unch.
  • 2-Year Swap Spread 26.75 +.5 basis point
  • TED Spread 22.5 unch.
  • 3-Month EUR/USD Cross-Currency Basis Swap -9.50 unch.
Economic Gauges:
  • 3-Month T-Bill Yield .01% unch.
  • Yield Curve 185.0 -1.0 basis point
  • China Import Iron Ore Spot $84.17/Metric Tonne +4.9%
  • Citi US Economic Surprise Index 19.10 unch.
  • Citi Emerging Markets Economic Surprise Index -24.80 +2.2 points
  • 10-Year TIPS Spread 1.96 -1 basis point
Overseas Futures:
  • Nikkei Futures: Indicating -290 open in Japan
  • DAX Futures: Indicating -3 open in Germany
Portfolio: 
  • Slightly Lower: On losses in my retail/biotech sector longs and emerging markets shorts
  • Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 50% Net Long

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