Market Soapbox Week Ending 08/29/08
MON, double triple dip, DJIA -242 on very tepid volume with dismal internals. All DOWN BIG. Bonds up BIG 10 yr -9bps 3.78, $ up vs 1.4756€ & down vs 109.315y, WTI up $115.25 gold down $826.4, TED spread up +2bps 1.14%.
TUE, wavy gravy split tape, DJIA +27 on lower volume with midlin internals. All UP cept NDX, NAZ, SOXX. Bonds flat 10 yr 3.78, $ up vs 1.4652€ & vs 109.669y, WTI +1% $116.24, gold up $829.6, TED spread down -3bps 1.11%.
WEN, bounce DJIA +86 on lowest volume this year with nice internals. All UP. Bonds up 10 yr -2bps 3.76. $ down vs 1.473€ & vs 109.553y, WTI +2% $118.35, gold up $831.8; TED Spread up +3bps 1.14%
THU, double triple followthrough, DJIA +213 on tepid volume with sterling internals. All UP cept XOI, XAU. Bonds down 10 yr +2bps 3.78%. $ up vs 1.47€ & down vs 109.51y, WTI -2% $116.21, gold up $839.2; TED Spread down -6bps 1.08%
FRI, double triple dip, DJIA -172 on tepid volume with ugly internals. All DOWN. Bonds up 10 yr -7bps 3.81, $ up vs 1.4674€ & down vs 108.8y, WTI down $115.46 gold down $835.2, TED spread up +2bps 1.10%.
This week, DJIA -88, since 09/19/05 DJIA +980. CRB commodities down 394.8 to 391.71
XAU up 148.83 to 149.22 & gold up 833.5 to 835.2; XOI up 1322.46 to 1326.7 & WTI up 114.59 to 115.46. Volatility VIX up 18.81 to 20.65
TED Spread down 1.12% to 1.10%; Dollar index up 76.744 to 77.31; $ down vs Yen 110.08 to 108.8 & up vs €1.4792 to 1.4674
This week bonds up.
30yr -5bps; 10yr -6bps, 5yr -5bps, 2yr -3bps, 6mo -1bps; 3mo +2bps.
30 yr @ 4.42%; 10 yr @ 3.81; 5 yr @ 3.09; 2yr @ 2.37; 6 mo @ 1.94; 3 mo @ 1.71
TUE, wavy gravy split tape, DJIA +27 on lower volume with midlin internals. All UP cept NDX, NAZ, SOXX. Bonds flat 10 yr 3.78, $ up vs 1.4652€ & vs 109.669y, WTI +1% $116.24, gold up $829.6, TED spread down -3bps 1.11%.
WEN, bounce DJIA +86 on lowest volume this year with nice internals. All UP. Bonds up 10 yr -2bps 3.76. $ down vs 1.473€ & vs 109.553y, WTI +2% $118.35, gold up $831.8; TED Spread up +3bps 1.14%
THU, double triple followthrough, DJIA +213 on tepid volume with sterling internals. All UP cept XOI, XAU. Bonds down 10 yr +2bps 3.78%. $ up vs 1.47€ & down vs 109.51y, WTI -2% $116.21, gold up $839.2; TED Spread down -6bps 1.08%
FRI, double triple dip, DJIA -172 on tepid volume with ugly internals. All DOWN. Bonds up 10 yr -7bps 3.81, $ up vs 1.4674€ & down vs 108.8y, WTI down $115.46 gold down $835.2, TED spread up +2bps 1.10%.
This week, DJIA -88, since 09/19/05 DJIA +980. CRB commodities down 394.8 to 391.71
XAU up 148.83 to 149.22 & gold up 833.5 to 835.2; XOI up 1322.46 to 1326.7 & WTI up 114.59 to 115.46. Volatility VIX up 18.81 to 20.65
TED Spread down 1.12% to 1.10%; Dollar index up 76.744 to 77.31; $ down vs Yen 110.08 to 108.8 & up vs €1.4792 to 1.4674
This week bonds up.
30yr -5bps; 10yr -6bps, 5yr -5bps, 2yr -3bps, 6mo -1bps; 3mo +2bps.
30 yr @ 4.42%; 10 yr @ 3.81; 5 yr @ 3.09; 2yr @ 2.37; 6 mo @ 1.94; 3 mo @ 1.71
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