Wednesday, March 7, 2012

Credit and Risk Assets

We're closing in on the 1 pm AAPL event, I need to find a live link to it. Here's what other asset classes are doing thus far...

 Commodities are underperforming the SPX by a little, they are more in line with the EUR/USD below...

 Commods vs Eur/Usd

 Yields are in line with the SPX

 The Euro is lagging it a bit

 A wider view of the Euro/SPX

 Interestingly, High Yield Corporate Credit isn't participating in any equities risk move.

 Energy is slightly underperforming...

 Financials are slightly outperforming-

 Tech was outperforming earlier, now it's lagging.

Sector rotation looks as you'd expect for a bounce, all of the risk groups are up and defensive plays are down.

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