EMOTION MOVING MARKETS NOW: 13/100 EXTREME FEAR
PREVIOUS CLOSE: 14/100 EXTREME FEAR
ONE WEEK AGO: 10/100 EXTREME FEAR
ONE MONTH AGO: 11/100 EXTREME FEAR
ONE YEAR AGO: 43/100 FEAR
Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 15.22% 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 24.25. 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 – HEY GIRL…
UNUSUAL ACTIVITY
MYE Director Purchase 5,000 @$12.7959
DG Chief Executive Officer Purchase 4,300 @$70.7253
NVET Director Purchase 10,000 @$4.786
HPQ Oct weekly2 28 CALLS active @$.61-.62
P Sep weekly4 CALL Activity 20 CALLS 700+ @$.39
YNDX SEP 11 CALL Activity @$.45 1k+
More Unusual Activity…
HEADLINES
Malcolm Turnbull becomes Australian PM after Abbott ousted
NY Fed: Consumers Expect Lower Short- and Medium-Term Inflation
Opec raises 2015 global oil demand growth forecast, cuts 2016
Genscape data shows a potential inventory draw --ForexLive
ECB PSPP: +13.022bn to EUR314.469bn (prev +11.91bn to 301.447bn)
ECB CBPP: +3.892bn to EUR116.107bn (prev +1.099bn to 112.215bn)
ECB ABSPP: +366m to EUR11.86bn (prev +382m to 11.494bn)
ECB Bonnici: Too early to decide on new stimulus
ECB Weidmann: Data shows need for steady hand
ECB Coeure: Euro members need to share more sovereignty on economic policy
CA Teranet/National Bank HPI (YoY) (Aug): 5.40% (prev 5.10%)
ESMA raises its market risk indicator to highest level
BIS Highlights Trouble Spots for Global Economy --WSJ
S&P: US rate hikes will bring volatility to EMs
GOVERNMENTS/CENTRAL BANKS
Malcolm Turnbull becomes Australian PM after Abbott ousted --Rtrs
NY Fed: Consumers Expect Lower Short- and Medium-Term Inflation
ECB Bonnici: It's 'Too Early' To Decide On New Stimulus --ForexLive
ECB Coeure: Euro members need to share more sovereignty on economic policy --BBG
ECB Weidmann: Data Shows The Need For A Steady Hand -- ForexLive
ECB Review Of Greek Banks Under Way, Could Be Done End-October --BBG
Draghi seen expanding QE by economists fearing shallow recovery --BBG Poll
Bloomberg survey of economists has the majority seeing the ECB raising QE --ForexLive
BoE Weale: Rates Will Rise Relatively Soon --Rtrs
EU Dijsselbloem: Eurozone Must Share More Banking Risks --Rtrs
Riksbank Gov Ingves Sees Flaws In Crisis-Busting Tools --FT
Syriza and ND deadlocked in polls --Kathimerini
GEOPOLITICS
Russian Envoy: Syria seeks peace conference in Moscow --BBG
French President Hollande: French airstrikes will be necessary in Syria --Rtrs
MARKETS RISK WARNINGS:
ESMA raises its market risk indicator to highest level
BIS Highlights Trouble Spots for Global Economy --WSJ
FIXED INCOME
ECB PSPP: +13.022bn to EUR314.469bn (prev +11.91bn to 301.447bn)
ECB CBPP: +3.892bn to EUR116.107bn (prev +1.099bn to 112.215bn)
ECB ABSPP: +366m to EUR11.86bn (prev +382m to 11.494bn)
PBOC allows liquidity injection tools in interbank market --MNI
Italy Public Debt At E2.199.2 Trillion in July, State Revs Rise --MNI
UK households are sitting on a £173bn debt time bomb --Mail
CORPORATES: Sanofi tests waters with chunky offer --IFR
FX
EM FX: EM currencies tumble back to 2002 levels --FT
HKD: HKMA sells $6.59bn to market to bolster HKD within trading band --Rtrs
JPY and EUR COMMENT: Goldman says QE to weigh on yen and euro as Fed holds this week --BBG
ENERGY/COMMODITIES
WTI futures settle -1.4% at $44.00 per barrel
Brent futures settle -3.7% at $46.37 per barrel
CRUDE: Opec raises 2015 global oil demand growth forecast, cuts 2016 estimate
CRUDE: Genscape data shows a potential inventory draw --ForexLive
METALS: Copper Slides, China Data Reinforces Demand Fears --CNBC
GASOLINE: Gasoline Leads Oil Prices Lower --WSJ
EQUITIES
S&P 500 provisionally closes -0.4% at 1,952
DJIA provisionally closes -0.4% at 16,370
Nasdaq provisionally closes -0.4% at 4,805
M&A: Mylan commences offer to acquire Perrigo
M&A: Oil Search Turns Down Woodside's $8bn Takeover Plan --Rtrs
M&A: Solera Agrees To $6.5Bln Acquisition By Vista Equity Affiliate --MW
M&A: Qualcomm Acquires Capsule, No Terms Disclosed --Forbes
M&A: Trinity Mirror in talks to buy rival Local World --Rtrs
RETAIL: Alibaba blasts Barron's story that warns of 50% stock drop --MW
TECH: Apple says iPhone pre-orders are looking good --CNBC
TECH: Nintendo Names Tatsumi Kimishima As President to Succeed Iwata --BBG
TECH: Facebook Looks to Bring Virtual Reality to Mobile Devices
BANKS: Bank Of America Officials Worried About Moynihan Vote --WSJ
BANKS: Credit Suisse Said Nearing $80 Million Settlement Over Dark Pool --BBG
BANKS: Deutsche Bank to cut workforce by a quarter --Rtrs sources
BANKS: Deutsche Bank Prepares To Shut Russian Operations --Rtrs source
AUTOS: Ford Europe Post 12% Increase In Sales For August --BBG
AUTOS: Porsche and Audi unveil electric cars to take on Tesla --Rtrs
CRA: Moody's changes outlook on E.ON's Baa1 rating to negative
INDUSTRIALS: Airbus Set to Open Jetliner Production Plant in the US --WSJ
EMERGING MARKETS
CHINA: PBOC Ma Jun: Chinese Economy Will Do Better Than Market Expectations --Forexlive
CHINA: China Banks Sell Massive CNY723.8 Bln In Forex In August --MNI
CHINA: China seizes up to $157bn of unspent local government budgets --Rtrs
S&P: US rate hikes will bring volatility to EMs
CHINA: Bank lending accelerates in China --FT
MALAYSIA: Malaysia central bank keeps rate on hold --MW
