Bad news, hater. Major indices are higher this Tuesday morning after closing in the green on Monday. Asian markets are at their highest point yet this year, the 10-year US Treasury rate has ticked down slightly, and the price of oil appears to have stabilized for now. These stabilizing forces, in addition to a recent spate of higher than expected earnings from the financial sector, are creating a great deal of investor confidence, despite what has already been a historically long run of good fortune. Facebook (FB) hit an all time high this morning after an analyst upgrade. Ford (F) is down 1.6% after growing auto-loan defaults and negative analyst comments.
Here are your Tuesday morning market metrics. Industries doing well today include hotels & leisure, metals & mining, and technology hardware. Industries showing weakness include automobiles, airlines, and diversified consumer services. The VIX is down 1.8% to 11.13 after closing on Monday at 11.34. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 3,160 September-15 230 puts on the board. The total put/call ratio as of 10:00 AM was 0.81 (329,459/268,051). The advancers/decliners ratio for the NYSE is 1,059/499 and for the NASDAQ, 737,385.