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Aug 25 - China Bloodbath Rattles Global Markets

EMOTION MOVING MARKETS NOW: 3/100 EXTREME FEAR

PREVIOUS CLOSE: 5/100 EXTREME FEAR

ONE WEEK AGO: 12/100 EXTREME FEAR

ONE MONTH AGO: 10/100 EXTREME FEAR

ONE YEAR AGO: 34/100 FEAR

Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 10.07% 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: EXTREME FEAR The CBOE Volatility Index (VIX) is at 40.74 and indicates that investors remain concerned about declines in the stock market.

Stock Price Strength: EXTREME FEAR The number of stocks hitting 52-week lows is slightly greater than 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 – IT’S THE JERKS

 

UNUSUAL ACTIVITY

IDTI Vol weakness SEP 19 PUT ACTIVITY @$1.25 on offer 4500+ Contracts

SLB SEP 80 PUT ACTIVITY @$1.31 on offer 4000+ Contracts

PYPL SEP WEEKLY4 PUTS on the BID @$1.35 3700 Contracts

SPLS DEC 15 CALLS on the OFFER @$.90-.95 6000 Contracts

SEMI - CEO Purchased $300k+ total

AVHI Director Purchase 1,920 @$ 13.9989 Purchase 1,280 @$13.99

More Unusual Activity…

 

HEADLINES

 

China bloodbath rattles global markets

Stocks, dollar softer as commodities hammered

WTI settles at 6.5yr lows at $38.24/bbl

US 10y yield briefly dips below 2% on flight to safety

VIX spikes to highest in three years

WH: US Treasury closely monitoring financial markets

Ex US Tsy Sec Summers: 'Far from clear' next Fed move a hike

SF Fed: Fed not likely to be misled by noise in GDP and PCE data

NABE Policy Survey: 77% See Liftoff in 2015; 37% Expect Sept

DoubleLine's Gundlach sees another 'major leg down' in US stocks

German Dax equity index technically enters bear market

BoE asked to review code of conduct for rate-setters

ECB PSPP: EUR279.761B (Prev EUR269.875B)

ECB CBPP3: EUR1090.179B (Prev EUR108.059B)

ECB ABSPP: EUR11.218B (Prev EUR10.961B)


 

GOVERNMENTS/CENTRAL BANKS

SF Fed: Fed not likely to be misled by noise in GDP and PCE data

White House: US Treasury Department is closely monitoring financial markets --Livesquawk

Fed RRP (24 Aug): $73.8bn and 32 bidders (prev 35 bidders, $92.4bn) --Livesquawk

NABE Policy Survey: 77% See Liftoff in 2015; 37% Expect Sept --MNI

FORECASTS: Barclays pushes call for Fed hike from Sept to March -FT

BlackRock's Rieder: 'Window is closing' on Fed to move in September --Rtrs

LOOK AHEAD: What to expect from the Fed's Jackson Hole meeting --BBG

UK FinMin Osborne: China not a specific G20 item --ForexLive

BoE asked to review code of conduct for rate-setters --CityAM

OVERNIGHT: Japan Abe: Sympathises with BoJ difficulty in hitting infl tgt amid oil drop --MNI

GREECE: Popular Unity party will get the baton to try and form a government --Koutsomitis

GREECE: Moody's: Tsipras resignation a credit positive for Greece

GEOPOLITICS

North, South Korea reach deal to ease tensions --Yonhap

FIXED INCOME

US 10y yield briefly dips below 2%, first time since April --WSJ

US 10y B/E rate below 1.5%, first time since May 2009 --FT

US HY squeezed by rush to exit --FT

ECB PSPP (21 Aug): EUR279.761B (Prev EUR269.875B)

ECB CBPP3: EUR1090.179B (Prev EUR108.059B)

ECB ABSPP: EUR11.218B (Prev EUR10.961B)

Eonia closes -0.126% (prev -0.119) --Livesquawk

UK DMO planning 2 short, 2 medium, 3 long, 3 linker issues next Qtr --MNI

FX

USD: Dollar under pressure after China rout --Rtrs

USD COMMENT: The Fed is looking at a very different dollar than Wall St --BBG

EUR: Euro climbs to new 8-month high vs USD --FT

EUR COMMENT: Euro shorts still have a big buffer to play with --ForexLive

CAD: Canadian Dollar Hits 11-Year-Low Against US Dollar --WSJ

ILS: Shekel on the up after rate decision --FT

ZAR: South Africa rand hits all-time low against the dollar --BBC

ZAR: SARB Says Could Consider FX Intervention If Fin. Stability Is Risked

HKD: Bears look to HK dollar risks --FT

ENERGY/COMMODITIES

CRUDE: WTI futures settle 5.5% lower at $38.24 per barrel --Livesquawk

CRUDE: Brent futures settle 6.1% lower at $42.69 per barrel --Livesquawk

CRUDE: Oil slides to 6-year low as commodities tumble --FT

CRUDE: East Libyan state oil firm wants to discuss contracts --Malta Times

COMMODS: Broad commodities selloff after China Black Monday -- WSJ

METALS: Gold climbs to fresh 7-week high as global equities, U.S. dollar tumble --Investing

EQUITIES

COMMENT: DoubleLine's Gundlach sees another 'major leg down' in US equities --Rtrs

VOLS: VIX rises to highest level in over 3 years --MW

BIOTECH: US biotech index enters bear market --FT

M&A: Southern Co becomes No.2 U.S. utility with $8 bln AGL deal --Rtrs

M&A: FTC clears Pfizer acquisition of Hospira --StreetInsider

M&A: Monsanto sweetens offer for Syngenta to CHF470 a share --Rtrs

M&A: Markit to Buy Foreign Exchange Trading Company DealHub --WSJ

TECH: Apple's Cook: Still seeing strong growth in China --CNBC

TECH: Apple CEO Tim Cook may have violated SEC rules with Jim Cramer email --MW

O&G: Shell eyes Iran, to pay debt when sanctions end --Rtrs

SUPERMARKETS: Carrefour Announces Planned Acquisition of Rue du Commerce --BW

EXCHANGES: Nasdaq poised to launch FX trading platform-top executive --StreetInsider

AUTOS: GM China joint venture building $470 mln green car plant --Rtrs

EMERGING MARKETS

CHINA: China stocks drop 8.5% --Guardian

CHINA PRIMER: China's latest stock market crash: the basics

China NDRC: China expects economic growth to be stable in H2 2015 --ForexLive

 

China pension fund to invest in stock market --BBC