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Oct 14 - Ex-Fed's Fisher: "FOMC has egg on its face"

EMOTION MOVING MARKETS NOW: 38/100 FEAR

PREVIOUS CLOSE: 44/100 FEAR

ONE WEEK AGO: 30/100 FEAR 
ONE MONTH AGO: 14/100 EXTREME FEAR

ONE YEAR AGO: 0/100 EXTREME FEAR

Put and Call Options: FEAR During the last five trading days, volume in put options has lagged volume in call options by 26.86% 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 fear on the part of investors.

Market Volatility:  NEUTRAL The CBOE Volatility Index (VIX) is at 17.67. This is a neutral reading and indicates that market risks appear low.

Stock Price Strength: FEAR The number of stocks hitting 52-week lows exceeds the number hitting highs and is at the lower end of its range, indicating 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) | 10 YR T NOTE | 2 YR T  NOTE | 5 YR T NOTE | 30 YR TREASURY BOND | SOYBEANS | CORN

 

MEME OF THE DAY – WHEN DR. T SPEAKS…

 

UNUSUAL ACTIVITY

VXX OCT WEEKLY4 21.5 CALLS7K+ @$.58

LOCK NOV 8 PUT Activity on the BID side

LULU NOV 55 CALL Activity 2500 block @$1.20 on offer

EDGE SC 13D Filed by NEW LEAF Ventures .. 8.2%

TROX .. SC 13G Filed by Putnam Investments .. 13.2%

More Unusual Activity…

HEADLINES

 

Fed's Bullard: Liftoff is appropriate despite challenges

Fed's Tarullo: US Rate hike likely not appropriate

Ex-Fed's Fisher: FOMC has egg on its face

Fed Discount Rate Mins: 8 votes to hike rate to 1% (vs 5 in July)

NY Fed: Consumers See Lower Inflation, Spending Growth --BBG

US NFIB Small Business Optimism Sep: 96.1 (est 95.5; prev 95.9)

ECB's Mersch: Near-term inflation may continue to hover near zero

BoE new boy Vlieghe says weak inflation may delay rate rise

BoE's McCafferty: Downside pressures in prices seen as transitory

Venezuela: Opec technical meeting to be held 21/Oct in Vienna; non-opec members Brazil, Russia, Norway among invitees

 

GOVERNMENTS/CENTRAL BANKS

Fed's Bullard: Liftoff is appropriate despite challenges --ForexLive

Ex-Fed's Fisher: FOMC has egg on its face --CNBC

Fed's Tarullo: Rate hike likely not appropriate --CNBC

NY Fed: Consumers See Lower Inflation, Spending Growth --BBG

Fed Discount Rate Mins: 8 votes to hike rate to 1% (vs 5 in July)

Fed Discount Rate Mins: 3 voted to hold discount rate at 0.75%

Fed Discount Rate Mins: Minneapolis again voted to cut discount rate to 0.5%

ECB's Mersch: Near-term inflation may continue to hover near zero --Rtrs

BoE new boy Vlieghe says weak inflation may delay rate rise --MW

BOE's McCafferty wants rates at a level that they can cut again --ForexLive

BoE's McCafferty: Downside pressures in prices seen as transitory --FXstreet

FIXED INCOME

Prices rise on growth fears, bets on later Fed rate hike --Rtrs

Treasuries Wilder Than Ever as Ultrafast Bond Traders Rise Up --BBG

Italian-German Bond Yield Spread Narrows to Least Since April --BBG

China picks London for renminbi debt issue --Eftee

Putin: IMF should provide additional $3 bln loan to Ukraine to repay its debt to Russia --TASS

FX

USD: Dollar bulls vexed by Federal Reserve rate outlook --FT

COMMODITY FX: Weak Chinese data bogs down commodity FX --ET

CNY: PBoC fixed yuan higher for an 8th straight day --FT

GBP: Deflation takes pound down after M&A lift --FT

ENERGY/COMMODITIES

Venezuela: Opec technical meeting to be held 21/Oct in Vienna; non-opec members Brazil, Russia, Norway among invitees

WTI futures settle 0.9% lower at $46.66 per barrel

CRUDE: IEA: Oil market glut will persist through 2016 as demand growth slows --FT

METALS: Copper Prices Fall After Weaker-Than-Expected Chinese Import Data --WSJ

EXCHANGES: China's largest commodities exchange to build intl platform --FT

USDA: NZ milk production seen declining --BBG

EIA Drilling Productivity Report for October

EQUITIES

EARNINGS: J&J got slammed by the strong dollar again --BI

EARNINGS: J&J plans to buy back shares up to $10bn --Yahoo

M&A: GE to sell $30 bln specialty finance business to Wells Fargo --Rtrs

M&A: Diageo to announce sale of wines unit --Sky

M&A: EMC to pay Dell $2 billion as breakup fee in go-shop period --Yahoo

LEGAL: SEC Prepares Civil Charges Against Mondelez in Cadbury Probe --WSJ

AUTOS: Volkswagen announces ?750m spending cuts to fund product revamp --Guradian

AUTOS: VW gloom hits German economic sentiment --FT

PRIVATISATION: UK government sells ?591m stake in Royal Mail --FT

TECH: Twitter Slashing Costs With Workforce Layoffs --Sky

TECH: Bloomberg: U.S. Wants To End Apple E-Book Antitrust Monitoring --Nasdaq

BANKS: Citi dials down risky block trading amid market turmoil --Rtrs

EMERGING MARKETS

 

Economists gloomier on Brazil's inflation outlook --FT