Market Soapbox Week Ending 12/05/08
MON, a reality check, DJIA -680 on high volume with disasterous internals. All DOWN 8%+. Bonds up HUGE 10 yr -19bps 2.73%. $ up vs E1.2612 & down vs 93.156y, WTI -10% $49.28, gold -5% $776.8; TED Spread flat 2.18%; 3 mo Libor flat 2.22
TUE, bounce, DJIA +270 on higher volume with sterling internals. ALL up 3%+. Bonds up 10 yr -6bps 2.67%, $ down vs E1.2719 & vs 93.175y, WTI -5% $46.96 gold +1% $783.3, TED spread -2bps 2.16%. 3mo Libor -1bps 2.21.
WEN, more head fake, DJIA +173 on average volume with sterling internals. All UP 2%+ cept XAU, XOI. Bonds flat 10 yr 2.67, $ up vs E1.271 & vs 93.36y, WTI down $46.65, gold -1.5% $772.7, TED spread +3bps 2.19%.; 3 mo Libor -1bps 2.2%
THU, late sell off, DJIA -215 on average volume with ugly internals. All DOWN 3%+. Bonds up 10 yr -10 bps 2.57, $ down vs E1.2739 & vs 92.47y, WTI -4% $43.74, gold down $768.7, TED spread -1bps 2.18%.; 3 mo Libor -1bps 2.19%
FRI, wavy gravy, DJIA +260 on higher volume with sterling internals. All UP cept XAU. Bonds down 10 yr +13bps 2.70%. $ up vs E1.2718 & vs 92.84y, WTI -5% $41.66, gold -2% $756.7; TED Spread flat 2.18%; 3 mo Libor flat 2.19
This week, DJIA -192, since 09/19/05 DJIA -2025. CRB commodities down 242.2 to 208.6
XAU down 101.59 to 87.58 & gold down 820.1 to 756.7; XOI down 968.23 to 859.77 & WTI down 54.9 to 41.66; Volatility VIX up 55.28 to 59.93
TED Spread flat 2.18%; 3 mo LIBOR -3bps 2.19%; Dollar index up 86.471 to 86.838; $ down vs Y95.53 to 92.84 & vs E1.2702 to 1.2718
This week bonds UP BIG.
30yr -31bps; 10yr -22bps, 5yr -22bps, 2yr -6bps, 6mo -22bps; 3mo -3bps.
30 yr @ 3.13%; 10 yr @ 2.70; 5 yr @ 1.69; 2yr @ 0.92; 6 mo @ 0.20; 3 mo @ 0.01
TUE, bounce, DJIA +270 on higher volume with sterling internals. ALL up 3%+. Bonds up 10 yr -6bps 2.67%, $ down vs E1.2719 & vs 93.175y, WTI -5% $46.96 gold +1% $783.3, TED spread -2bps 2.16%. 3mo Libor -1bps 2.21.
WEN, more head fake, DJIA +173 on average volume with sterling internals. All UP 2%+ cept XAU, XOI. Bonds flat 10 yr 2.67, $ up vs E1.271 & vs 93.36y, WTI down $46.65, gold -1.5% $772.7, TED spread +3bps 2.19%.; 3 mo Libor -1bps 2.2%
THU, late sell off, DJIA -215 on average volume with ugly internals. All DOWN 3%+. Bonds up 10 yr -10 bps 2.57, $ down vs E1.2739 & vs 92.47y, WTI -4% $43.74, gold down $768.7, TED spread -1bps 2.18%.; 3 mo Libor -1bps 2.19%
FRI, wavy gravy, DJIA +260 on higher volume with sterling internals. All UP cept XAU. Bonds down 10 yr +13bps 2.70%. $ up vs E1.2718 & vs 92.84y, WTI -5% $41.66, gold -2% $756.7; TED Spread flat 2.18%; 3 mo Libor flat 2.19
This week, DJIA -192, since 09/19/05 DJIA -2025. CRB commodities down 242.2 to 208.6
XAU down 101.59 to 87.58 & gold down 820.1 to 756.7; XOI down 968.23 to 859.77 & WTI down 54.9 to 41.66; Volatility VIX up 55.28 to 59.93
TED Spread flat 2.18%; 3 mo LIBOR -3bps 2.19%; Dollar index up 86.471 to 86.838; $ down vs Y95.53 to 92.84 & vs E1.2702 to 1.2718
This week bonds UP BIG.
30yr -31bps; 10yr -22bps, 5yr -22bps, 2yr -6bps, 6mo -22bps; 3mo -3bps.
30 yr @ 3.13%; 10 yr @ 2.70; 5 yr @ 1.69; 2yr @ 0.92; 6 mo @ 0.20; 3 mo @ 0.01
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