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 |
