Market Soapbox Week Ending 08/23/08
MON, triple digit dip, DJIA -180 on lower volume with dismal internals. All DOWN cept DJUA, XAU. Bonds up 10 yr -2bps 3.81, $ up vs 1.4668€ & down vs 110.22y, WTI -1% $112.87 gold +1.5% $805.7, TED spread up +7bps 1.05%.
TUE, triple digit followthrough, DJIA -131 on lower volume with dismal internals. All DOWN cept DJUA, XAU, XOI. Bonds down 10 yr +2bps 3.83, $ down vs 1.4786€ & vs 109.667y, WTI +2% $114.95, gold +2% $821.5, TED spread down -3bps 1.02%.
WEN, bounce DJIA +69 on average volume with midlin internals. All UP cept DJTA. Bonds up 10 yr -3bps 3.80. $ up vs 1.478€ & down vs 109.61y, WTI +1.5% $116.25, gold up $821.7; TED Spread up BIG +11bps 1.13%
THU, sideways & down, DJIA +13 on lower volume with poor internals. All DOWN cept DJUA, MID, XAU, XOI. Bonds down 10 yr +3bps 3.83%. $ porked vs 1.4887€ & vs 108.485y, WTI +5% $121.23, gold +2% $838.2; TED Spread down -3bps 1.10%
FRI, double triple jump, DJIA +198 on tepid volume with pretty internals. All UP cept XAU, XOI. Bonds doiwn 10 yr +4bps 3.87, $ up BIG vs 1.4792€ & vs 110.08y, WTI -6% $114.59 gold down $833.5, TED spread up +2bps 1.12%.
This week, DJIA -31, since 09/19/05 DJIA +1068. CRB commodities up 382.3 to 394.8
XAU up 137.38 to 148.83 & gold up 792.1 to 833.5; XOI up 1275.7 to 1322.46 & WTI up 113.77 to 114.59. Volatility VIX down 19.58 to 18.81
TED Spread up BIG 0.98% to 1.12%; Dollar index down 77.125 to 76.744; $ down vs Yen 110.5 to 110.08 & vs €1.4688 to 1.4792
This week bonds split long down; short up.
30yr +1bps; 10yr +4bps, 5yr +4bps, 2yr +2bps, 6mo -3bps; 3mo -14bps.
30 yr @ 4.47%; 10 yr @ 3.87; 5 yr @ 3.14; 2yr @ 2.40; 6 mo @ 1.95; 3 mo @ 1.69
TUE, triple digit followthrough, DJIA -131 on lower volume with dismal internals. All DOWN cept DJUA, XAU, XOI. Bonds down 10 yr +2bps 3.83, $ down vs 1.4786€ & vs 109.667y, WTI +2% $114.95, gold +2% $821.5, TED spread down -3bps 1.02%.
WEN, bounce DJIA +69 on average volume with midlin internals. All UP cept DJTA. Bonds up 10 yr -3bps 3.80. $ up vs 1.478€ & down vs 109.61y, WTI +1.5% $116.25, gold up $821.7; TED Spread up BIG +11bps 1.13%
THU, sideways & down, DJIA +13 on lower volume with poor internals. All DOWN cept DJUA, MID, XAU, XOI. Bonds down 10 yr +3bps 3.83%. $ porked vs 1.4887€ & vs 108.485y, WTI +5% $121.23, gold +2% $838.2; TED Spread down -3bps 1.10%
FRI, double triple jump, DJIA +198 on tepid volume with pretty internals. All UP cept XAU, XOI. Bonds doiwn 10 yr +4bps 3.87, $ up BIG vs 1.4792€ & vs 110.08y, WTI -6% $114.59 gold down $833.5, TED spread up +2bps 1.12%.
This week, DJIA -31, since 09/19/05 DJIA +1068. CRB commodities up 382.3 to 394.8
XAU up 137.38 to 148.83 & gold up 792.1 to 833.5; XOI up 1275.7 to 1322.46 & WTI up 113.77 to 114.59. Volatility VIX down 19.58 to 18.81
TED Spread up BIG 0.98% to 1.12%; Dollar index down 77.125 to 76.744; $ down vs Yen 110.5 to 110.08 & vs €1.4688 to 1.4792
This week bonds split long down; short up.
30yr +1bps; 10yr +4bps, 5yr +4bps, 2yr +2bps, 6mo -3bps; 3mo -14bps.
30 yr @ 4.47%; 10 yr @ 3.87; 5 yr @ 3.14; 2yr @ 2.40; 6 mo @ 1.95; 3 mo @ 1.69
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