"PCLN, CSCO, ZBRA, DF, GM, GMCR, M, MAKO, SPRD, JSDA"
US Employment report came in a little lower than expected, but the earlier numbers were revised upwards. ISM numbers indicate improving manufacturing picture in the US. Despite the global concerns the US indexes seem resilient.
Gold is the beneficiary of the safe heaven trade along with the US dollar. That seems to be an odd proposition to have both US dollar and gold to rally together. US bonds/treasuries are seeing some accumulation as ten year yield fell below 2% again.
Last week's (week over week) market Sectors Returns and Internals:
- SP 500: -2.48%
- Volatility Index % change, VIX = 22.95%
- Short term bond rate (average of 3 year and 5 year) = 0.625%
- 10 year Treasury yield = 2.06%
- Small Cap (IWM): -1.88%
- Latin America (ILF): -3.3%
- Europe (IEV): -6.42%
- Emerging Markets (EEM): -2.85%
- Commodities (DBC): -0.57%
- Long term Bonds (TLT): -1.48%
- US Dollar Index, 8 DMA: 76.6
- Gold, (GLD) change: 6.33%
- Put/Call Ratio, total of equity/Index = 1.13
- Bull/Bear Ratio, Investors Intelligence survey =
- NYSE (New Highs - New lows), 8 DMA = 54.08
Next Week's economic calendar:
- Consumer Credit - 11/7
- MBA Mortgage Index - 11/9
- Treasury budget - 11/10
