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Sep 11 - David Tepper: Good Time To Take Money Off The Tablev

 

EMOTION MOVING MARKETS NOW: 15/100 EXTREME FEAR

PREVIOUS CLOSE: 13/100 EXTREME FEAR

ONE WEEK AGO: 11/100 EXTREME FEAR

ONE MONTH AGO: 9/100 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 23.39% 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 24.37. 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 – HEY GIRL…

 

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

 

US Import Price Index (MoM) (Aug): -1.80% (est -1.60%, prev -0.90%)

US Import Price Index (YoY) (Aug): -11.40% (est -11.10%,rev prev -10.50%)

US DOE Crude Inventories (WoW) (Sep 04): 2570K (est 900K, prev 4667K)

US DOE Cushing Inventories (WoW) (Sep 04): -897K (est 400K, prev -388K)

US EIA Natural Gas Storage Change (Sep 04): 68 (est 77, prev 94)

US Wholesale Inventories (MOM) (JUL): -0.1% (EST 0.30%, prev 0.90%)

US Wholesale Trade Sales (MoM) (Jul): -0.3% (est 0.10%, prev 0.40%)

US Initial Jobless Claims (Sep 05): 275K (est 275K, rev prev 281K

US Continuing Claims (Aug 29): 2.26m (est 2.253m, rev prev 2.259m)

US Kansas City Fed LMCI Index (Aug):-0.12(Prev -0.23)

CA New Housing Price Index (YoY) (Jul): 1.3% (est 1.30%, prev 1.30%)

CA Capacity Utilization Rate (Q2): 81.3%% (est 81.70%, rev prev 82.60%)

BoE leaves rates unchanged, McCafferty dissents again in 8-1 vote

ECB Liikanen: Bond purchases will be extended if needed

ECB Praet: Recovery hinges on full implementation of QE

David Tepper: Good time to take money off the table

 

GOVERNMENTS/CENTRAL BANKS

US's Boehner: Fall Budget Talks To Discuss Disc Spending Hike --MNI

BoE leaves rates unchanged; McCafferty dissents again in 8-1 vote --Rtrs

ECB Liikanen: Bond purchases will be extended if needed --ForexLive

ECB Praet: Cyclical recovery hinges on full implementation of QE --ForexLive

Riksbank's Skingsley: Economic activity is improving --Riksbank

Reuters poll sees RBNZ cutting interest rates again in October --ForexLive

Greek Interim FinMin: There will be no bail-in of Greek bank deposits --BBG

GEOPOLITICS

Putin To address Syria and ISIS in UN speech later this Month --Rtrs

FIXED INCOME

US sells 30-year bonds at 2.980% vs 2.990% WI --ForexLive

Apple and Shell sell over E1bn of debt --FT

European banks flock to issue dollar bonds --FT

FX

USD: USDJPY shows a reluctance above the 200 day MA --ForexLive

GBP: BoE Minutes see considerable uncertainty over impact of GBP on inflation --ForexLive

GBP: BoE Minutes see considerable uncertainty over impact of GBP on inflation --ForexLive

EUR: EUR/JPY onto 136 handle on strong rally --FXstreet

CNY: PBoC Adviser Huang: Yuan should not be pegged to USD --BBG

CNY: PBoC Lowers Criteria For Cross Boarder Yuan Pooling --Business News

CNY: China Premier Li: No basis for persistent yuan depreciation --FXStreet

ENERGY/COMMODITIES

WTI futures settle +4% at $45.92 per barrel

Brent futures settle +2.75% at $48.89 per barrel

US DOE Crude Oil Inventory Change (WoW) (Sep 04): 2570K (est 900K, prev 4667K)

US DOE Cushing Crude Inventory Change (WoW) (Sep 04): -897K (est 400K, prev -388K)

US DOE Gasoline Inventory Change (WoW) (Sep 04): 384K (est -150K, prev -271K)

US DOE Distillate Inventory Change (WoW) (Sep 04): 952K (est 900K, prev 115K)

US DOE Refinery Utilization (WoW) (Sep 04): -1.90% (est -0.50 %, prev -1.70%)

US EIA Natural Gas Storage Change (Sep 04): 68 (est 77, prev 94)

CRUDE: Saudi Arabian oil output down 100k bpd in August

CRUDE: Kuwait: OPEC Not Keen To Shoulder Impact Of Price Decision

AGS: World food prices fall sharply in August, extending slide --Rtrs

LNG: LNG pipeline project could see more delays --Washington Times

US shale giants turn to 2016 with somber outlook --RTRS

EQUITIES

S&P 500 unofficially closes up 0.5% at 1,952

DJIA unofficially closes up 0.45% at 16,327

Nasdaq unofficially closes up 0.8% at 4,795

David Tepper: Good time to take money off the table --CNBC

M&A: GE plans to sell asset management arm --FT

M&A: EU to rule on $16.7bn Intel/Altera deal by 14/Oct --Rtrs

M&A: Avon shares surge on deal report --FT

BANKS: EU's Vestager Confident' of reaching agreement with Italy on bad bank --Rtrs

INSURANCE: Lloyd's of London H1 profit drops as competition bites --Rtrs

TECH: Google rolls out Android Pay in US --Rtrs

TECH: Dell says to invest $125 bln in China over five years --CNBC

INDUSTRIALS: GE to decide on new location for HQ in Q4 --CNBC

TECH: 3M to could spin off or sell its health information systems business --MW

CRA: Moody's affirms Glencore's Baa2 ratings with negative outlook

EMERGING MARKETS

China is a source of global growth, not risk, says Li Keqiang --FT

Fitch: US Money Market Funds' Exposure to China Slowing

Brazil Rousseff Promises New Fiscal Effort; Analysts Skeptical --MNI

 

Brazil credits resilient after junk rating --Rtrs