EMOTION MOVING MARKETS NOW: 13/100 EXTREME FEAR
PREVIOUS CLOSE: 13/100 EXTREME FEAR
ONE WEEK AGO: 10/100 EXTREME FEAR
ONE MONTH AGO: 14/100 EXTREME FEAR
ONE YEAR AGO: 42/100 FEAR
Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 23.44% as investors make bullish bets in their portfolios. However, this is still among the highest levels of put buying seen during the last two years, indicating extreme fear on the part of investors.
Market Volatility: NEUTRAL The CBOE Volatility Index (VIX) is at 26.23. This is a neutral reading and indicates that market risks appear low.
Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating extreme fear.
PIVOT POINTS
EURUSD | GBPUSD | USDJPY | USDCAD | AUDUSD | EURJPY | EURCHF | EURGBP| GBPJPY | NZDUSD | USDCHF | EURAUD | AUDJPY
S&P 500 (ES) | NASDAQ 100 (NQ) | DOW 30 (YM) | RUSSELL 2000 (TF) | Euro (6E) |Pound (6B)
EUROSTOXX 50 (FESX) | DAX 30 (FDAX) | BOBL (FGBM) | SCHATZ (FGBS) | BUND (FGBL)
MEME OF THE DAY – DUBAI GOLD DEALER OLYMPICS
UNUSUAL ACTIVITY
RHT @$.75 .. SEP 72.5 CALL Activity 3300+ Contracts
IP SEP WEEKLY2 42.5 CALLS @$.62 on offer 1300+ Contracts
KHC SEP 70 PUT ACTIVITY 2K+ @$.50 on offer
KRO Director Purchase 967 @$6.905 Purchase 1,033 @$6.909
TTS SC 13G/A .. Tremblant Capital Group .. 11.69%
HEADLINES
Bank of Canada Holds Interest Rate at 0.5%
US JOLTS Job Openings (Jul): 5.753m (est 5.3m, rev prev 5.323m)
US MBA Mortgage Applications (Sep- 04): -6.2% (prev 11.30%)
Larry Summers: A Fed hike is an unnecessary risk –FT
Hilsenrath: Agreement on September hike eludes the Fed –WSJ
S&P cuts China 2016 growth view to 6.3%, 2015 unch
CA Housing Starts Aug: 216.9K (est 190.5K; rev prev 193.3K)
CA Building Permits (MoM) Jul: -0.60% (est -5.00%; rev prev 15.50%)
UK NIESR GDP Estimate (3M/3M) (Aug): 0.50% (rev prev 0.60%)
ECB’s Praet: QE is largely producing desired effects
ECB’s Mersch: QE helping bank funding
BoJ’s new measure of core CPI accelerates in July
BOJ considering trimming price outlook, export view
GOVERNMENTS/CENTRAL BANKS
Bank of Canada Holds Interest Rate at 0.5% –WSJ
Larry Summers: A Fed hike is an unnecessary risk –FT
Hilsenrath: Agreement on September hike eludes the Fed –WSJ
ECB’s Praet: QE is largely producing desired effects –ForexLive
ECB’s Mersch: QE helping bank funding –Rtrs
BoJ’s new measure of core CPI accelerates in July –Rtrs sources
BOJ said to be thinking about trimming price outlook, may also cut export view –ForexLive
S&P cuts China 2016 growth view to 6.3%, 2015 unch –BBG
EU’s Juncker: Greece must respect bailout, or there will be EU reaction –Rtrs
COMMENT: FT’s Martin Wolf makes the case for keeping rates low –FT
GEOPOLITICS
Iran’s Supreme Leader Rules Out Negotiations With U.S. Beyond Nuclear Issues –WSJ
U.S. Voices Concern Over Russia?s Buildup in Syria –WSJ
FIXED INCOME
US Tsy yields fall as buyers return to market –Rtrs
US sells 10-year notes at 2.235% vs 2.245% WI –ForexLive
NY banking regulator in US Treasury market probe –FT
FX
EUR: Dollar rises with stock rallies that sting euro –Rtrs
JPY: Dollar rises against yen as Abe promises tax cuts –MW
GBP: Pound’s prospects murky after UK setback –FT
EM FX: Emerging Market Currencies Strengthen in early play –WSJ
ENERGY/COMMODITIES
WTI futures settle 3.9% lower at $44.15 per barrel
Brent futures settle 3.9% lower at $47.58 per barrel
CRUDE: EIA lowers 2016 US demand growth forecast –ForexLive
CRUDE: Saudi Arabia August oil output dips slightly –CNBC
CRUDE: North Sea faces ?12bn investment collapse from oil price slump –Tele
METALS: Gold Prices Tread Water Ahead of Federal Reserve Meeting –WSJ
EQUITIES
S&P 500 unofficially closes down 1.4% at 1,942
DJIA unofficially closes down 1.4% at 16,256
Nasdaq unofficially closes down 1.2% at 4,756
TECH: Apple launches new iStuff, shares softer
M&A: KKR to Buy Stake in London Hedge-Fund Firm Marshall Wace –WSJ
TECH: Alibaba Braces for Sales Slowdown as China?s Growth Falters –WSJ
TECH: Tax concerns on Yahoo’s Alibaba stake spinoff prompt target cuts –Rtrs
INDUSTRIALS: Lockheed Martin to Cut 500 Information Systems Jobs –ABC
RETAIL: Barnes & Noble sales fall for 5th straight quarter –Rtrs
CRA: Fitch Affirms BT At ‘BBB'; Outlook Positive
ASIA EQUITIES: Japan Shares Jump Most in Seven Years –WSJ
BANKS: Credit Agricole may pay about $900 million in U.S. sanctions probes – Rtrs sources
F&B: McDonald’s moving to ‘cage-free’ eggs in US, Canada over 10 years –Rtrs
CSUITE: United Continental: CEO Exit ‘Might Just Be What It Needs’ –Barrons
EMERGING MARKETS
Chinese Primer Li: Economy Faces Downward Pressure –BBG
Chinese Primer Li: China Doesn’t Want Currency War, Reassures on Growth –Rtrs
China Is Changing How It Reports GDP to Meet IMF’s Standard –BBG
