Market Soapbox Week Ending 08/01/08
MON, double double followthrough, DJIA -240 on lower volume with horrible internals. All DOWN cept XOI, XAU. Bonds up BIG 10 yr -8bps 4.02, $ down vs 1.5748€ & vs 107.355y, WTI up $125.05, gold up $941.8, TED spread up +3bps 1.09%.
TUE, chump pump, DJIA +266 on higher volume with sterling internals. All UP cept XAU, XOI. Bonds down 10 yr +2bps 4.04, $ up vs 1.5779€ & vs 107.285y, WTI -2% $122.19, gold -1.5% $926.4, TED spread flat 1.09%.
WEN, split tape, DJIA +186 on average volume with nice internals. All UP cept DJTA. Bonds down 10 yr +1bps 4.05. $ down vs 1.558€ & up vs 108.125y, WTI +2% $126.85, gold -1% $916.5; TED Spread up +2bps 1.11%
THU, double triple dip, DJIA -206 on higher volume with ugly internals. All DOWN. Bonds up BIG -10bps 10 yr 3.95%. $ down vs 1.5597€ & vs 107.88y, WTI -2% $124.13, gold +1% $922.2; TED Spread up +3bps 1.14%
FRI, followthrough, DJIA -52 on lower volume with midlin internals. All DOWN cept RUT. Bonds up 10 yr -1bps 3.94, $ up vs 1.5548€ & down vs 107.725y, WTI +1% $125.14 gold down $917.6, TED spread FLAT 1.14%.
This week, DJIA -46, since 09/19/05 DJIA +766. CRB commodities up 412.22 to 416.02
XAU down 173.52 to 162.54 & gold down 936.9 to 917.6; XOI up 1293.31 to 1319.8 & WTI up 123.26 to 125.14. Volatility VIX down 22.91 to 22.57
TED Spread up 1.06 to 1.14%; Dollar index up 72.807 to 73.474; $ down vs Yen 107.85 to 107.725 & up BIG vs €1.5708 to €1.5548
This week bonds UP BIG.
30yr -12bps; 10yr -16bps, 5yr -23bps, 2yr -20bps, 6mo -9bps; 3mo -7bps.
30 yr @ 4.57%; 10 yr @ 3.94; 5 yr @ 3.21; 2yr @ 2.50; 6 mo @ 1.86; 3 mo @ 1.66
TUE, chump pump, DJIA +266 on higher volume with sterling internals. All UP cept XAU, XOI. Bonds down 10 yr +2bps 4.04, $ up vs 1.5779€ & vs 107.285y, WTI -2% $122.19, gold -1.5% $926.4, TED spread flat 1.09%.
WEN, split tape, DJIA +186 on average volume with nice internals. All UP cept DJTA. Bonds down 10 yr +1bps 4.05. $ down vs 1.558€ & up vs 108.125y, WTI +2% $126.85, gold -1% $916.5; TED Spread up +2bps 1.11%
THU, double triple dip, DJIA -206 on higher volume with ugly internals. All DOWN. Bonds up BIG -10bps 10 yr 3.95%. $ down vs 1.5597€ & vs 107.88y, WTI -2% $124.13, gold +1% $922.2; TED Spread up +3bps 1.14%
FRI, followthrough, DJIA -52 on lower volume with midlin internals. All DOWN cept RUT. Bonds up 10 yr -1bps 3.94, $ up vs 1.5548€ & down vs 107.725y, WTI +1% $125.14 gold down $917.6, TED spread FLAT 1.14%.
This week, DJIA -46, since 09/19/05 DJIA +766. CRB commodities up 412.22 to 416.02
XAU down 173.52 to 162.54 & gold down 936.9 to 917.6; XOI up 1293.31 to 1319.8 & WTI up 123.26 to 125.14. Volatility VIX down 22.91 to 22.57
TED Spread up 1.06 to 1.14%; Dollar index up 72.807 to 73.474; $ down vs Yen 107.85 to 107.725 & up BIG vs €1.5708 to €1.5548
This week bonds UP BIG.
30yr -12bps; 10yr -16bps, 5yr -23bps, 2yr -20bps, 6mo -9bps; 3mo -7bps.
30 yr @ 4.57%; 10 yr @ 3.94; 5 yr @ 3.21; 2yr @ 2.50; 6 mo @ 1.86; 3 mo @ 1.66
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