Major indices are higher this Monday morning and the S&P 500 is again near a record high. Oil is back above $50 and bond prices are holding quite near their highs of last week. The Blackstone Group (BX) is up 5.6% after announcing the creation of a $100 million public investment fund which will be receiving $20 million from Saudi Arabia. Despite the strong oil price and strong market, Petrobras (PBR) is down 2.3% due to the company’s ongoing bribery scandal.
Here are your Monday morning market metrics. Industries doing well today include automobiles, aerospace, and airlines. Industries showing weakness include biotechnology, life sciences, and consumer finance,. The VIX is down 5.9%% to 11.33 after closing on Friday at 12.04. The most heavily traded options this morning are for Bank of America (BAC), with 34,370 August 26 puts on the board. The total put/call ratio as of 10:00 AM was 0.63 (341,429/216,736). The advancers/decliners ratio for the NYSE is 2,076/795 and for the NASDAQ, 1,830/858.