Credit/Risk Update

Not a whole lot of movement here either, but a few issues are moving.

 Commodities are on the rise today, but still well off yesterday's levels.

 Longer term they remain dislocated from the S&P.

 High Yield Credit is pretty much in line with the S&P today.

 Yields have dropped off, they have been selling off all day since the first update.

Longer term here's the dislocation in yields which have not been able to move higher then the Thanksgiving week highs.

Not a lot to go on here.

ES is pretty much in line, there was an 11:45 positive divergence, since the market has been moving up out of the triangle, ES volume has dropped off noticeably.