EMOTION MOVING MARKETS NOW: 11/100 EXTREME FEAR
PREVIOUS CLOSE: 12/100 EXTREME FEAR
ONE WEEK AGO: 5/100 EXTREME FEAR
ONE MONTH AGO: 21/100 EXTREME FEAR
ONE YEAR AGO: 33/100 FEAR
Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 22.79% 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: FEAR The CBOE Volatility Index (VIX) is at 28.99, 77.76% above its 50-day moving average and indicates that investors are concerned about the near-term values of their portfolios.
Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than the number hitting highs and is at the lower end of its range, indicating extreme fear.
PIVOT POINTS
EURUSD [27] | GBPUSD [28] | USDJPY [29] | USDCAD [30] | AUDUSD [31] | EURJPY [32] | EURCHF [33] | EURGBP [34]| GBPJPY [35] | NZDUSD [36] | USDCHF [37] | EURAUD [38] | AUDJPY
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S&P 500 (ES) [40] | NASDAQ 100 (NQ) [41] | DOW 30 (YM) [42] | RUSSELL 2000 (TF) [43]| Euro (6E) [44] |Pound (6B) [45]
EUROSTOXX 50 (FESX) [46] | DAX 30 (FDAX) [47] | BOBL (FGBM) [48] | SCHATZ (FGBS) [49] | BUND (FGBL) [50]
CRUDE OIL (CL) [51] | GOLD (GC) [52]
MEME OF THE DAY – I JUST LOVE MY NEW SWEATER [53]
UNUSUAL ACTIVITY
WLL vol pop to highs Activity in the SEP 17 CALLS 1800+ @$1.30
LL Jan 15 PUT Activity 10k @$3.30 on offer
SSTK SEP 35 CALLS 1300+ @$.75 ON offer
TCK Nov 9 CALL Activity @$.25 right by offer 5000 Contracts
RE Director Purchase 5,000 @$169.5 Purchase 5,000 @$170.00
HEADLINES
Fed VC Fischer: Still too early to tell if September hike will happen
Fed Kocherlakota: 2015 rate rise not appropriate, open to more stimulus
Fed Mester: US economy can support rate increase
Fed Bullard: Rate hike would signal confidence, unfazed by mkt turmoil
Fed's Lockhart: Market vols makes him less certain on Sept hike
Atlanta Fed GDPNow tracker updated to 1.2% (prev. 1.4%)
US Personal Income (MoM) Jul: 0.40% (est 0.40%; prev 0.40%)
US Personal Spending (MoM) Jul: 0.30% (est 0.40%; rev prev 0.30%)
US PCE Core (YoY) Jul: 1.20% (est 1.30%; prev 1.30%)
German CPI YoY (Aug P): 0.2% (est 0.10%, prev 0.20%)
German CPI MoM (Aug P): 0% (est -0.10%, prev 0.20%)
SNB Jordan: Swiss franc significantly overvalued, ready to intervene
GOVERNMENTS/CENTRAL BANKS
Fed VC Fischer: Still too early to tell if September hike will happen --CNBC [55]
Fed Kocherlakota: 2015 rate rise not appropriate, open to more stimulus --CNBC [56]
Kocherlakota would prefer a hike in second half of 2016 --FBN [57]
Fed Mester: US economy can support rate increase --WSJ [58]
Fed Bullard: US rate hike would signal confidence --FT [59]
Fed Bullard unfazed by market turmoil --Rtrs [60]
Fed's Lockhart: Market vols makes him less certain on Sept hike, though every meeting is live --MNI [61]
Atlanta Fed GDPNow tracker updated to 1.2% (prev. 1.4%) [62]
SNB Jordan: Swiss franc significantly overvalued [63]
SNB Jordan: SNB stands ready to intervene [63]
Japan EcoMin Amari: Canada elections, US primaries, may affect momentum on TPP talks --Kyodo [57]
Greece's Syriza to win election but face setback, polls show --Rtrs [64]
GEOPOLITICS
Merkel, Hollande, Putin plan weekend call on Ukraine --BBG [65]
FIXED INCOME
BONDS COMMENT: Reflation threat to bonds as money supply catches fire in Europe --Telegraph [66]
Two departures in Swiss debt capital markets --IFR [67]
Merck jumps in first with jumbo M&A trade --IFR [68]
COMMENT: Treasury Market Is Offering Stock Picks: AT&T, Verizon Are a Buy --WSJ [69]
FX
USD: Dollar on track to finish turbulent week higher against euro, yen --MW [70]
CAD: USDCAD retreats from as oil jumps to $45 --FXStreet [71]
GBP: Pound falls vs euro as UK growth slows in Q2 --BBG [72]
CNY COMMENT: China's ongoing FX trilemma and its possible consequences --Alphaville [73]
AUD: Aussie lifted by commodities --Australian [74]
NZD: Kiwi heading for 3.1pc weekly drop after China slump --NZH [75]
ENERGY/COMMODITIES
CRUDE: WTI futures settle 6.25% higher at $45.22 per barrel --Livesquawk [57]
CRUDE: Brent futures setlle 5.25% higher at $50.05 per barrel --Livesquawk [57]
CRUDE: Arab Opec producers brace for oil-price weakness for rest of 2015 --Rtrs [76]
CRUDE: Crude short squeezed --Forex.com [77]
METALS: Gold sets up for first gain in five sessions --MW [78]
EQUITIES
FLOW: US funds cut recommended global equity exposure again --Rtrs [79]
M&A: Mylan shareholders back Perrigo takeover, tender offer up next --Rrts [80]
BANKS: BofA shareholders should vote to separate the CEO and chairman roles --BBG [81]
GAMING: Battle for Bwin reflects rising stakes --FT [82]
TRADING: Charles Schwab trading system issue resolved --FT [83]
TECH: Facebook must obey German law even if free speech curtailed --Rtrs [84]
EMERGING MARKETS
CHINA: Citi: China Will Respond Too Late to Avoid Recession --BBG [85]
CHINA: POLL: PBOC to cut rates again by end of Dec --ForexLive [86]
CHINA: PBOC Conducted CNY60 Bln 7-Day SLO Op. At 2.35% Today --BBG [57]
BRAZIL: Brazil economy dips more than expected --FT [87]
S&P affirms Ukraine CC, outlook still negative --Livesquawk [57]
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