Wednesday, November 05, 2014

Stocks Higher into Final Hour on Election Optimism, Oil Bounce, Yen Weakness, Energy/Utility Sector Strength

Broad Equity Market Tone:
  • Advance/Decline Line: About Even
  • Sector Performance: Mixed
  • Volume: Slightly Below Average
  • Market Leading Stocks: Underperforming
Equity Investor Angst:
  • Volatility(VIX) 14.50 -1.95%
  • Euro/Yen Carry Return Index 149.48 +.42%
  • Emerging Markets Currency Volatility(VXY) 8.11 +1.76%
  • S&P 500 Implied Correlation 50.02 -6.47%
  • ISE Sentiment Index 77.0 -33.62%
  • Total Put/Call .87 -2.25%
  • NYSE Arms .71 -46.32% 
Credit Investor Angst:
  • North American Investment Grade CDS Index 64.99 -.65%
  • European Financial Sector CDS Index 67.75 -2.56%
  • Western Europe Sovereign Debt CDS Index 32.30 -.19%
  • Asia Pacific Sovereign Debt CDS Index 63.30 -1.14%
  • Emerging Market CDS Index 256.18 +1.29%
  • China Blended Corporate Spread Index 322.95 +.84%
  • 2-Year Swap Spread 21.25 +.75 basis point
  • TED Spread 21.25 -1.0 basis point
  • 3-Month EUR/USD Cross-Currency Basis Swap -11.0 unch.
Economic Gauges:
  • 3-Month T-Bill Yield .02% unch.
  • Yield Curve 182.0 unch.
  • China Import Iron Ore Spot $76.46/Metric Tonne -1.99%
  • Citi US Economic Surprise Index 15.20 -1.2 points
  • Citi Eurozone Economic Surprise Index -29.40 -1.4 points
  • Citi Emerging Markets Economic Surprise Index -14.90 -.2 point
  • 10-Year TIPS Spread 1.93 +1.0 basis point
Overseas Futures:
  • Nikkei Futures: Indicating +157 open in Japan
  • DAX Futures: Indicating -5 open in Germany
Portfolio: 
  • Slightly Higher: On gains in my retail/medical sector longs and emerging markets shorts
  • Disclosed Trades: Added to my (IWM)/(QQQ) hedges
  • Market Exposure: Moved to 25% Net Long

No comments: