Five Hundred Words 11/12/2018

Monday, November 12, 2018

Daily Writing

9:44 AM

According to my sources in China, the current economic situation is looking quite dire.  Unless the Chinese government enacts major policy changes by the beginning of next year, the economic situation could become far worse.

The US Dollar Index has started to move higher once again, now firmly planted above the 97.00 level where it currently sits at 97.33.

GBP/USD is down today on concerns that the timing of a Brexit deal had slipped; sterling fell as much as 1.2 percent against the dollar early on but then recovered to trade down 0.5 percent at $1.2910.[1]

CBOE put/call ratio elevated throughout the day.  Out of the gate p/c ratio of 1.42.  Fear gradually subsided in the market as the day wore on.

It doesn’t seem like a good sign when the entire market falls due to the performance of one stock (AAPL in this case).  What makes it worse is that the weak performance wasn’t necessarily due to any changes in the underlying fundamentals in Apple, but rather on news that Lumentum Holdings, a supplier of 3D sensors that power the facial recognition technology on Apple’s latest iPhones, unexpectedly cut its outlook for its fiscal second quarter.

[1] https://www.ft.com/content/19529d88-e67a-11e8-8a85-04b8afea6ea3

Market Data

Resource Commodities

 

 

November 12, 2018

November 9, 2018

November 8, 2018

November 7, 2018

November 6, 2018

Gold spot

1209.40

1223.50

1226.10

1226.50

1230.60

Silver

14.040

14.420

14.540

14.495

14.610

Platinum

852.00

861.00

871.00

867.00

864.00

Copper

2.69

2.78

2.72

2.81

2.8034

Crude(WTI)

60.74

60.19

61.60

62.61

63.23

 

Global government bond yields (10 year)

 

 

November 12, 2018

November 9, 2018

November 8, 2018

November 7, 2018

November 6, 2018

U.S. 10 year

3.18%

3.19%

3.22%

3.19%

3.20%

Germany

0.38%

0.40%

0.45%

0.45%

0.42%

Brazil

10.49%

10.37%

10.31%

10.26%

10.19%

Italy

3.43%

3.40%

3.41%

3.35%

3.40%

Japan

0.11%

0.11%

0.11%

0.11%

0.12%

 

 

Major U.S. Indexes

 

 

November 12, 2018

November 9, 2018

November 8, 2018

November 7, 2018

November 6, 2018

VIX

17.26

16.87

16.18

18.03

19.84

DOW

259.59

261.49

261.80

257.85

254.52

S&P 500

277.24

277.76

281.01

277.55

273.36

NASDAQ

7309.29

7406.90

7570.75

7442.00

7378.25

 

Currency Cross Rates

 

 

November 12, 2018

November 8, 2018

November 8, 2018

November 7, 2018

November 6, 2018

USD/JPY

113.800

113.7800

113.6800

113.2900

113.2900

EUR/USD

1.1268

1.1315

1.1426

1.1476

1.1407

AUD/USD

0.7209

0.7213

0.792

0.7285

0.7229

CHF/USD

0.996

1.00590

0.9971

1.0021

0.9964

USD/CNY

6.9631

6.9552

6.9366

6.9165

6.9166

USD index

97.33

96.90

96.23

95.87

96.29

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s