Greek PM Tsipras Resigns, Calls Snap Elections - Aug. 21 Markets
EMOTION MOVING MARKETS NOW: 11/100 EXTREME FEAR
PREVIOUS CLOSE: 11/100 EXTREME FEAR
ONE WEEK AGO: 9/100 EXTREME FEAR
ONE MONTH AGO: 25/100 EXTREME FEAR
ONE YEAR AGO: 37/100 FEAR
Put and Call Options: EXTREME FEAR During the last five trading days, volume in put options has lagged volume in call options by 25.60% 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 19.14, 34.83% above its 50-day moving average and indicates that investors are concerned about the near-term values of their portfolios.
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 | 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 – 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
HEADLINES
Greek PM Tsipras resigns, calls snap elections
US Philly Fed Business Index (Aug): 8.3 (est 6.5; prev 5.7)
US Existing Home Sales (MoM) (Jul): 2.0%% (est -1.20%; prev rev 3.0%)
US Leading Index (MoM) (Jul): -0.2% (est 0.20%; prev 0.60%)
US Initial Jobless Claims Aug-15: 277K (est 271K; rev prev 273K)
US Continuing Claims Aug-08: 2254K (est 2265K; rev prev 2278K)
US EIA Natural Gas Storage Change (Aug): 53 (est 59; prev 65)
US Commercial Paper Outstanding (SA) (19 Aug): -$1.8bn
CA Wholesale Trade Sales (MoM) Jun: 1.30% (est 0.90%; rev prev -0.90%)
ECB Nowotny: No signals for early QE end, dismisses idea of FX wars
Bank Of Spain bends ECB rules to favour own banks --HB
SNB's Jordan: SNB prepared to intervene in CHF if necessary
M&A: Visa In $21bn Bid To Merge US, European Units
M&A: Valeant pays $1bn for women's libido drug
Fitch: China's capital injections support policy banks, economy
GOVERNMENTS/CENTRAL BANKS
US Commercial Paper Outstanding (SA) (19 Aug): -$1.8bn
Allianz's El-Erian: Fed missed earlier chance to hike rates --Rtrs
Liberty St Econ: The Evolution of Workups in UST Securities Market
ECB's Nowotny: There is no signal for early end to QE --FXStreet
ECB's Nowotny dismisses 'currency wars' talk --Rtrs
ECB: E155m Borrowed Using Overnight Loan Facility, E157bn Deposited --Livesquawk
ECB: EZ Excess Liquidity Fell To E471.705bn From E472.92bn
Bank Of Spain bends ECB rules to favour own banks --Handelsblatt
SNB's Jordan: SNB prepared to intervene in CHF if necessary --FoerxLive
France's Hollande: Tax cuts will come with higher growth next year --Rtrs
GREECE
Greek PM Tsipras to resign, calls nsap elections --Tele
ECB confirms Greece payment received --Livesquawk
EC signs 3yr ESM stability support programme for Greece --EC
Greece Authorizes $3.6B Payment on ECB-Held Bonds --BBG
GEOPOLITICS
North And South Korea 'Trade Artillery Fire' --Rtrs
UK to reopen Tehran embassy --Sky
FIXED INCOME
UST to auction $26bn 2s, $35bn 5s, $29bn 7sm $13bn 2y FRN --Livesquawk
Bankrate: US Mortgage Rates Rise, Boosted By Improved Housing Market --Bankrate
Apple releases Kangaroo guidance --IFR
FX
USD: Dollar slips as Fed rate hike hopes recede --Rtrs
EUR: Euro rises to 7-week peak against dollar --FT
CHF: SNB's Jordan: SNB prepared to intervene in CHF if necessary --FoerxLive
CHF: Swiss EconMin: CHF Should Move Towards 1.22 Vs Euro, Hopes Will Weaken Towards 1.10
CNY: IMF decision rattles China's yuan --WSJ
CNY: ECB Nowotny: Yuan Drop Sign of Slowing Growth, Not FX War
EMFX: EM currency turmoil escalates --FT
ENERGY/COMMODITIES
CRUDE: WTI futures settle 0.8% higher at $41.14 per barrel --Livesquawk
CRUDE: Brent futures settle down 1.2% at $46.62 per barrel --Livesquawk
CRUDE: US EIA Natural Gas Storage Change (Aug): 53 (est 59; prev 65)
CRUDE: Rigzone: Some offshore rigs being bid at break even rates --BBG
CRUDE: Mexico hedges 2016 oil exports at $49 a barrel --FT
WEATHER: Hurricane Danny named as first major storm of Atlantic season --Guardian
METALS: Gold breaks above $1150; highest since July 15 --CNBC
EQUITIES
M&A: Visa In $21bn Bid To Merge US, European Units --Sky
M&A: Valeant pays $1bn for women's libido drug --FT
M&A: Zurich Insurance drafts Evercore in RSA pursuit --FT
M&A: United Tech in talks to buy Nortek --WSJ
TRADING: FTSE 100 falls into correction territory --FT
TECH: Twitter falls below IPO price --BI
TECH: Gartner: Worldwide Smartphone Sales Recorded Slowest Growth Rate Since 2013
BANKS: FDIC sues Citigroup, 2 other banks over soured mortgages --Rtrs
UTILITIES: RWE To Replace Head Of British Unit --Rtrs
MEDIA: Netflix slumps amid broad media selloff --MW
EARNINGS: Sears reports first quarterly profit since 2012, sales still tumble -Rtrs
REGULATION: US senators urge recall of all autos with Takata airbags --BI
COMMODS: Moody's downgrades ConocoPhillips' unsecured ratings to A2, stable outlook
EMERGING MARKETS
Fitch: China's Capital Injections Boost Support For Policy Banks, Economy
El-Erian: Seeing a classical overshoot, starting in emerging markes --CNBC
Copyright ©2009-2015 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage ...
more
I think you should reevaluate your support for austerity. It has proven to be a disaster.