The easiest way to show all of this is through the ES CONTEXT model, you may recall it went very negative just before the move down this week at -12 to -14, it has hit -15 today.
Friday, February 1, 2013
Other Indications
So far Credit has no enthusiasm about today's move, HY Corp. is negative on the day, as is Junk Credit and High Yield. Yields are lower on the day and commodities are just starting to turn down.
The easiest way to show all of this is through the ES CONTEXT model, you may recall it went very negative just before the move down this week at -12 to -14, it has hit -15 today.
The bottom line, risk assets are not supporting this move AT ALL, they are in fact headed in the opposite direction.
The easiest way to show all of this is through the ES CONTEXT model, you may recall it went very negative just before the move down this week at -12 to -14, it has hit -15 today.
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