GLOBAL MACRO MONITOR
United States MBA Mortgage Applications was reported at -1.7% in 24/Aug from 4.2% in the previous period. It was expected at 0.66%.
United States MBA 30-Year Mortgage Rate was reported at 4.78% in 24/Aug from 4.81% in the previous period. It was expected at 4.81%.
United States GDP Growth Rate QoQ 2nd Est was reported at 4.2% in Q2 from 2.2% in the previous period. It was expected at 4%.
(Via BEA )
United States GDP Growth Rate was reported at 4.2 percent in 2018 from 2.2 in the previous period.
United States Consumer Spending was reported at 12841.2 USD Billion in 2018 from 12722.84 in the previous period.
United States EIA Crude Oil Stocks Change was reported at -2.566M in 24/Aug from -5.836M in the previous period. It was expected at -0.686M.
United States EIA Gasoline Stocks Change was reported at -1.554M in 24/Aug from 1.2M in the previous period. It was expected at 0.37M.
United States 7-Year Note Auction was reported at 2.844% from 2.930% in the previous period
Bloomberg World Index still so far from January highs. -H.F.T
EEM Emerging Markets ETF holding the 50 day. -H.F.T
Australia ASX 200 looks higher. -H.F.T
Canada TSX with a Sequential Countdown 13. -H.F.T
Euro Stoxx 50 still ok as a long. -H.F.T
Nikkei bullish sentiment is at 72%. Nikkei upside exhaustion today. -H.F.T
India Nifty 50 Index no changes. -H.F.T
SPX bullish sentiment is at 75% -H.F.T
SPX daily now has some possibility of a continuation with a new secondary upside red Countdown. A reversal down in the coming days has to happen or else we could see this continue to 13. We saw secondary upside exhaustion Countdowns in January too.-H.F.T
Nasdaq bullish sentiment is at 77%.-H.F.T
NDX Attribution today shows AMZN, MSFT, AAPL, GOOGL attributing more than have the gains. When these go down the narrow attribution will happen and that will be felt. -H.F.T
Dow Jones Industrial Average a bit of an overthrow similar to January. -H.F.T
IWM Russell 2000 with a Combo 13 today. -H.F.T
US Dollar bullish sentiment is at 55% and down from 96% recent peak. -H.F.T
US Dollar Index
Euro bullish sentiment is at 50%. -H.F.T
British Pound Sterling Spot
“Green day for equities. Sell Chinese exposure via the FXI ETF.”
Yuan dropped last night and if this continues this could be a catalyst for selling around the world. -H.F.T
Emerging Market FX
Turkish Lira Spot
Mexican Peso Spot
Argentine Peso Spot
Gold bullish sentiment is at 36%. Gold still lacking thrust. -H.F.T
Crude bullish sentiment is at 82% and remains in the extreme zone. Crude up again today. -H.F.T
Bond bullish sentiment is at 67%. -H.F.T
US 30Y Yield
US 10Y Yield
vs USGG10Y “With the UST 10yr Yield approaching the top-end of the Risk Range buy TLT for long bond exposure. It’s also nice that you can size up positions like this into month-end. You get your monthly coupon in early September”
CBOE SPX Volatility Index
CBOE SKEW INDEX
Merrill Lynch Option Volatility Estimate MOVE INDEX
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