Market Soapbox Week Ending 07/18/08
MON, downward ho, DJIA -45 on lower volume with ugly internals. All DOWN cept XAU. Bonds up BIG 10 yr -10bps 3.86, $ up vs 1.5904€ & down vs 106.176y, WTI up $145.09, gold +1% $973.7, TED spread up BIG +11bps 1.33%.
TUE, split tape, DJIA -93 on much higher volume with ugly internals. All DOWN cept NDX, NAZ, SOXX. Bonds up 10 yr -4bps 3.82, $ down BIG vs 1.5919€ & vs 104.669y, WTI -4.5% $138.72, gold down $978.8, TED spread up BIG +13bps 1.46%.
WEN, a bounce, DJIA +277 on higher volume with sterling internals. All UP BIG cept DJUA, XAU, XOI. Bonds CRUSHED 10 yr +13bps 3.95. $ up vs 1.5817€ & vs 105.129y, WTI -3% $134.47, gold -1.5% $962.7; TED Spread down -5bps 1.41%
THU, double triple followthrough, DJIA +207 on very high volume with pretty internals. All UP cept DJUA, XAU, XOI. Bonds down 10 yr +5bps 4%, $ down vs 1.5854€ & up vs 106.383y, WTI -3.5% $129.87, gold up $970.7, TED spread down -3bps 1.38%.
FRI, split tape, DJIA +50 on average volume with midlin internals. All UP cept NAZ, NDX, SOXX, MID, RUT. Bonds down 10 yr +8bps 4.08, $ up vs 1.5848€ & vs 106.965y, WTI down $128.88, gold -1.5% $958, TED spread down -6bps 1.32%.
This week, DJIA +396, since 09/19/05 DJIA +938. CRB commodities down 461.43 to 427.17
XAU down 194.93 to 187.92 & gold down 960.6 to 958; XAU down 1411.5 to 1326.91 & WTI down BIG 144.52 to 128.88. Volatility VIX down 27.49 to 24.05
TED Spread up 1.22% to 1.32%; Dollar index up 71.891 to 72.197; $ up vs Yen 106.27 to 106.965 & vs €1.5937 to 1.5848
This week bonds split, short end up, long down.
30yr +11bps; 10yr +12bps, 5yr +13bps, 2yr +4bps, 6mo -10bps; 3mo -10bps.
30 yr @ 4.65%; 10 yr @ 4.08; 5 yr @ 3.41; 2yr @ 2.64; 6 mo @ 1.91; 3 mo @ 1.47
TUE, split tape, DJIA -93 on much higher volume with ugly internals. All DOWN cept NDX, NAZ, SOXX. Bonds up 10 yr -4bps 3.82, $ down BIG vs 1.5919€ & vs 104.669y, WTI -4.5% $138.72, gold down $978.8, TED spread up BIG +13bps 1.46%.
WEN, a bounce, DJIA +277 on higher volume with sterling internals. All UP BIG cept DJUA, XAU, XOI. Bonds CRUSHED 10 yr +13bps 3.95. $ up vs 1.5817€ & vs 105.129y, WTI -3% $134.47, gold -1.5% $962.7; TED Spread down -5bps 1.41%
THU, double triple followthrough, DJIA +207 on very high volume with pretty internals. All UP cept DJUA, XAU, XOI. Bonds down 10 yr +5bps 4%, $ down vs 1.5854€ & up vs 106.383y, WTI -3.5% $129.87, gold up $970.7, TED spread down -3bps 1.38%.
FRI, split tape, DJIA +50 on average volume with midlin internals. All UP cept NAZ, NDX, SOXX, MID, RUT. Bonds down 10 yr +8bps 4.08, $ up vs 1.5848€ & vs 106.965y, WTI down $128.88, gold -1.5% $958, TED spread down -6bps 1.32%.
This week, DJIA +396, since 09/19/05 DJIA +938. CRB commodities down 461.43 to 427.17
XAU down 194.93 to 187.92 & gold down 960.6 to 958; XAU down 1411.5 to 1326.91 & WTI down BIG 144.52 to 128.88. Volatility VIX down 27.49 to 24.05
TED Spread up 1.22% to 1.32%; Dollar index up 71.891 to 72.197; $ up vs Yen 106.27 to 106.965 & vs €1.5937 to 1.5848
This week bonds split, short end up, long down.
30yr +11bps; 10yr +12bps, 5yr +13bps, 2yr +4bps, 6mo -10bps; 3mo -10bps.
30 yr @ 4.65%; 10 yr @ 4.08; 5 yr @ 3.41; 2yr @ 2.64; 6 mo @ 1.91; 3 mo @ 1.47
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