- S&P 500 1,633.70 +1.19%
- DJIA 15,118.4 +.97%
- NASDAQ 3,436.58 +1.72%
- Russell 2000 975.16 +2.17%
- S&P 500 High Beta 25.33 +3.68%
- Value Line Geometric(broad market) 422.67 +2.06%
- Russell 1000 Growth 751.45 +1.30%
- Russell 1000 Value 827.07 +1.28%
- Morgan Stanley Consumer 1,013.23 +.39%
- Morgan Stanley Cyclical 1,213.18 +3.45%
- Morgan Stanley Technology 756.64 +1.90%
- Transports 6,375.52 +2.52%
- Utilities 513.71 -2.95%
- Bloomberg European Bank/Financial Services 98.60 +1.94%
- MSCI Emerging Markets 43.54 +.85%
- HFRX Equity Hedge 1,121.25 +1.46%
- HFRX Equity Market Neutral 941.35 +.04%
- NYSE Cumulative A/D Line 190,484 +1.97%
- Bloomberg New Highs-Lows Index 811.0 -588
- Bloomberg Crude Oil % Bulls 39.39 +11.62%
- CFTC Oil Net Speculative Position 220,626 +5.1%
- CFTC Oil Total Open Interest 1,770,442 -.04%
- Total Put/Call .74 -16.85%
- OEX Put/Call 1.55 +51.96%
- ISE Sentiment 124.0 +16.98%
- NYSE Arms .88 +15.79%
- Volatility(VIX) 12.59 -2.02%
- S&P 500 Implied Correlation 56.71 +8.97%
- G7 Currency Volatility (VXY) 9.50 +7.71%
- Smart Money Flow Index 11,985.68 +1.40%
- Money Mkt Mutual Fund Assets $2.583 Trillion +.80%
- AAII % Bulls 40.8 +31.6%
- AAII % Bears 27.4 -23.6%
- CRB Index 288.68 -.51%
- Crude Oil 96.04 +.45%
- Reformulated Gasoline 286.03 +1.14%
- Natural Gas 3.91 -3.50%
- Heating Oil 290.62 +.89%
- Gold 1,436.60 -2.30%
- Bloomberg Base Metals Index 194.26 +2.66%
- Copper 335.30 +1.39%
- US No. 1 Heavy Melt Scrap Steel 349.33 USD/Ton -5.1%
- China Iron Ore Spot 129.60 USD/Ton +1.17%
- Lumber 338.30 -1.69%
- UBS-Bloomberg Agriculture 1,481.02 -1.46%
- ECRI Weekly Leading Economic Index Growth Rate 7.3% +10 basis points
- Philly Fed ADS Real-Time Business Conditions Index .1413 -4.32%
- S&P 500 Blended Forward 12 Months Mean EPS Estimate 115.36 +.33%
- Citi US Economic Surprise Index -7.30 -7.6 points
- Citi Emerging Mkts Economic Surprise Index -50.60 -5.8 points
- Fed Fund Futures imply 52.0% chance of no change, 48.0% chance of 25 basis point cut on 6/19
- US Dollar Index 83.14 +1.27%
- Euro/Yen Carry Return Index 137.68 +1.71%
- Yield Curve 166.0 +14 basis points
- 10-Year US Treasury Yield 1.90% +16 basis points
- Federal Reserve's Balance Sheet $3.281 Trillion +.23%
- U.S. Sovereign Debt Credit Default Swap 31.50 unch.
- Illinois Municipal Debt Credit Default Swap 122.0 +4.77%
- Western Europe Sovereign Debt Credit Default Swap Index 88.0 -.92%
- Emerging Markets Sovereign Debt CDS Index 169.23 -6.55%
- Israel Sovereign Debt Credit Default Swap 112.40 +10.7%
- South Korea Sovereign Debt Credit Default Swap 69.50 unch.
- China Blended Corporate Spread Index 401.0 -12 basis points
- 10-Year TIPS Spread 2.34% +4 basis points
- TED Spread 24.0 +1.0 basis point
- 2-Year Swap Spread 13.5 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -14.0 +2.5 basis points
- N. America Investment Grade Credit Default Swap Index 72.15 +1.26%
- European Financial Sector Credit Default Swap Index 134.64 +2.31%
- Emerging Markets Credit Default Swap Index 233.41 +.77%
- CMBS AAA Super Senior 10-Year Treasury Spread to Swaps 85.0 -15 basis points
- M1 Money Supply $2.574 Trillion +.94%
- Commercial Paper Outstanding 992.50 -.5%
- 4-Week Moving Average of Jobless Claims 336,800 -5,500
- Continuing Claims Unemployment Rate 2.3% unch.
- Average 30-Year Mortgage Rate 3.42% +7 basis points
- Weekly Mortgage Applications 945.50 +6.98%
- Bloomberg Consumer Comfort -29.5 -.6 point
- Weekly Retail Sales +2.20% unch.
- Nationwide Gas $3.56/gallon +.04/gallon
- Baltic Dry Index 889.0 +3.13%
- China (Export) Containerized Freight Index 1,082.82 -1.70%
- Oil Tanker Rate(Arabian Gulf to U.S. Gulf Coast) 22.50 +28.6%
- Rail Freight Carloads 245,678 -.76%
- Small-Cap Growth +2.4%
- Large-Cap Value +1.3%
- Education +7.3%
- HMOs +4.4%
- Networking +4.1%
- Oil Tankers +3.9%
- Retail +3.5%
- Foods -.3%
- Restaurants -.3%
- Coal -.5%
- Energy -.6%
- Utilities -2.9%
- MBI, ABFS, DXM, SMRT, GMCR, INVN, TSLA, IMMR, MINI, PKT, EA, ININ, BCOR, BKS, WBMD, HCI, SCOR, CEC, PEGA, NSM, LEDR, DTSI, ICUI, TLYS, DVA, DDD, QLYS, CLNY and VNTV
- JMI, CHRW, GNRC, VSI, CIE, SSNC, THOR, ABCO, CWH, AXLL, ESE, ATHN, LNCO, VCLK, VOLC, CHE, RLOC, ARUN, RAX, FIO, RKUS and VCRA
ETFs
Stocks
*5-Day Change
1 comment:
The global reflation trade that began in August 2012, with Mario Draghis’ OMT coming on line is over, through and done.
In dispensation, that is in the administration plan of God for the fullness and completion of every age, era, epoch and time period, presented in Ephesians 1:10, Jesus Christ, the Son of God, is terminating the pursuit of yield, which created the very last upward burst in fiat wealth in Liberalism’s age of investment choice.
Authoritarianism’s age of diktat is commencing, as the wold is pivoting out of Peak National Sovereignty, Peak Seigniorage, that is peak moneyness, Peak Yield, Peak Credit, AGG, Peak Wealth, VT, Peak World Major Currencies, DBV, Peak Emerging Market Currencies, CEW, and Peak Prosperity. Jesus Christ has completed the task given to him by the Father for producing Peak Everything in Liberalism’s age of investment choice.
On Friday, May 10, 2013, competitive currency devaluation entered its second day this week on the death of credit, as is seen in Aggregate Credit, AGG, trading parabolically lower. Distrust in the ability of debtors to pay back creditors has finally come of age, as investors rally World Stocks, VT, to a blow off market top. Bill Gross, manager of Pimco's monster Pimco's Total Return Fund ($292 billion under management) tweeted correctly today stating “The secular 30-yr bull market in bonds likely ended 4/29/2013”
Individual currencies traded lower again today; these included the Swiss Franc, FXF, -1.0, the Indian Rupe, ICN, 1.0, the Japanese Yen, FXY, -0.9, the Brazilian REAl, BZF, -0.7, the Australian Dollar, FXA, -0.7, the Swedish Krona, FXS, -0.7, the British Pound Sterling, FXB, -0.6, the Euro, FXE, -0.4, and the Canadian Dollar, FXC, -0.3. Gold, GLD, is both a currency and a commodity, it traded 0.8% lower, which turned Commodities, DBC, 0.5%, lower.
Debt deflation, that is currency deflation, commenced the week ending May 10, 2013, most notably causing individual currencies the Austalian Dollar, FXA, to trade lower, and driving up the interest rate on Global National Treasury Debt, BWX, which includes US Government Debt, GOVT, in particular the Interest Rate on the benchmark US Ten Year Note, ^TNX, which rose to 1.90%, which in turn induced the debt laden Electric Utilities, XLU, to turn lower; investors had been hotly pursuing these invesments because of their high yield, but chasing of yield ended as bond vigilantes called interest rates higher acrosss the board, which turned Aggregate Credit, AGG, lower.
As of the week ending May 10, 2010, Jesus Christ fully completed the dispensation, that is the economic and political plan of God, Ephesians 1:10, for Liberalism’s era of investment choice producing prosperity. And He is successfully introducing Authoritarianism’s age of diktat producing austerity, which will be characterized by wildcat governance, where sovereigns and seigniors, bite, rip and tear one another apart in the desperate attempt to be the top dog ruler and banker, who operate in Authoritarianism’s Schemes of new taxes, bank deposit bailins, capital controls, and labyrinthian austerity measures.
Electric Utilities, XLU, closed the week sharply lower on a steepening 10 30 US Sovereign Debt Yield Curve, as is seen in the Steepener ETF, STPP, steepening and the Intgerest Rate on the US Ten Year Note, ^TNX, closing at 1.90%.
Mortgage REITS, REM, traded strongly lower, as Aggregate Credit, AGG, failed for the second time in two weeks, this time on falling individual currencies. Notable fallers included BWX, ZROZ, EDV, TLT, MBB, MUB, GOVT, PICB, BLV, LQD, EMB, UJB, and JNK. The Global Credit Bubble has finally burst.
Post a Comment