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Sep 10 - Hilsenrath: Agreement on September Hike Eludes the Fed

 

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 | EURGBPGBPJPY | 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)

CRUDE OIL (CL) | GOLD (GC)

 

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%

More Unusual Activity…

 

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

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