Market Soapbox Week Ending 05/09/08
MON, downdraft, DJIA -89 on light volume with ugly internals. All DOWN cept XAU, XOI. Bonds up 10 yr yield -1bps 3.85, $ down vs 1.5488€ & vs 104.826y, WTI +3% $120.01, gold +2% $874.1, TED spread down BIG -10bps 1.18%.
TUE, bounce, DJIA +51 on light volume with nice internals. All UP cept DJUA. Bonds down 10 yr yield +5bps 3.90; $ down vs 1.5522€ & down vs 104.70y; WTI +1.5% $121.87; gold up $877.7; TED Spread down -4bps 1.14%
WEN, douple triple dip, DJIA -206 on light volume with ugly internals. All DOWN cept PSE. Bonds up 10 yr yield -6 bps 3.84, $ up BIG vs 1.5395€ & vs 104.693y, WTI +1.6% $123.8, gold down $871.2, TED spread down -8bps 1.06%
THU, bounce, DJIA +53 on lower volume with midlin internals. All UP. Bonds up 10yr -5bps 3.79, $ down vs 1.54€ & vs 103.959y, WTI up $123.89, gold +1.2% $882.1, TED spread FLAT 1.06%.
FRI, triple down, DJIA -121 on lower volume with lousy internals. All DOWN cept MID, RUT. Bonds up 10 yr yield -2bps 3.77, $ down vs 1.5482€ & vs 102.86y, WTI +2% $126.16, gold up $885.8, TED spread down -6bps 1%.
This week, DJIA -312, since 09/19/05 DJIA +2169. CRB commodities up 408.13 to 427.48
XAU up 169.05 to 179.63 & gold 858 to 885.8; XOI up 1490.14 to 1519.48 & WTI up 116.29 to 126.16. Volatility VIX up 18.45 to 19.41
TED Spread down BIG 1.28% to 1%; Dollar index down 73.525 to 73.056. $ down BIG vs Yen 105.43 to 102.86 & vs € 1.5412 to 1.5482.
This week long term bonds up BIG; short term down BIG.
30yr -6bps; 10yr -9bps, 5yr -21bps, 2yr -22bps, 6mo +5bps; 3mo +19bps.
30 yr @ 4.52%; 10 yr @ 3.77; 5 yr @ 2.97; 2yr @ 2.24; 6 mo @ 1.74; 3 mo @ 1.68
TUE, bounce, DJIA +51 on light volume with nice internals. All UP cept DJUA. Bonds down 10 yr yield +5bps 3.90; $ down vs 1.5522€ & down vs 104.70y; WTI +1.5% $121.87; gold up $877.7; TED Spread down -4bps 1.14%
WEN, douple triple dip, DJIA -206 on light volume with ugly internals. All DOWN cept PSE. Bonds up 10 yr yield -6 bps 3.84, $ up BIG vs 1.5395€ & vs 104.693y, WTI +1.6% $123.8, gold down $871.2, TED spread down -8bps 1.06%
THU, bounce, DJIA +53 on lower volume with midlin internals. All UP. Bonds up 10yr -5bps 3.79, $ down vs 1.54€ & vs 103.959y, WTI up $123.89, gold +1.2% $882.1, TED spread FLAT 1.06%.
FRI, triple down, DJIA -121 on lower volume with lousy internals. All DOWN cept MID, RUT. Bonds up 10 yr yield -2bps 3.77, $ down vs 1.5482€ & vs 102.86y, WTI +2% $126.16, gold up $885.8, TED spread down -6bps 1%.
This week, DJIA -312, since 09/19/05 DJIA +2169. CRB commodities up 408.13 to 427.48
XAU up 169.05 to 179.63 & gold 858 to 885.8; XOI up 1490.14 to 1519.48 & WTI up 116.29 to 126.16. Volatility VIX up 18.45 to 19.41
TED Spread down BIG 1.28% to 1%; Dollar index down 73.525 to 73.056. $ down BIG vs Yen 105.43 to 102.86 & vs € 1.5412 to 1.5482.
This week long term bonds up BIG; short term down BIG.
30yr -6bps; 10yr -9bps, 5yr -21bps, 2yr -22bps, 6mo +5bps; 3mo +19bps.
30 yr @ 4.52%; 10 yr @ 3.77; 5 yr @ 2.97; 2yr @ 2.24; 6 mo @ 1.74; 3 mo @ 1.68
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