Presenting European and US equity and credit markets' performance from the Thanksgiving Day lows. Can you spot the odd market out?
[4]
from 3/19 (the day before the CDS roll and coincidentally the day before the expected event horizon for Greece):
S&P 500 Future -0.7% at 1395 (0.8x daily standard deviation)
US IG Credit +11bps to 96bps (5.5x daily standard deviations)
US HY Credit +65bps to 588bps (4.5x daily standard deviations)
Europe BE 500 (stocks) -5% at 179.23 (5x daily standard deviations)
Europe IG Credit +20bps at 132bps (5x daily standard deviations)
Europe HY Credit +135bps at 638bps (8x daily standard deviations)
Chart: Bloomberg
Hint: US equities