After the Open… Stocks are lower this morning, as traders respond to extremely weak numbers from China, where a deepening downturn in real estate has led to a slowdown in capital spending and the slowest rate of industrial production since the 2008 financial crisis.
Here are your Monday morning market metrics. Industries doing well today include Tobacco, Electric Utilities and Multi-Utilities. Industries showing weakness include Biotechnology, Health Care and Internet/Catalog Retail.
The VIX is up 5.7% to 14.07 after closing on Friday at 13.31. Alcoa (AA) options are being actively traded today, with 10K January 21 calls and another 10K January 19 calls changing hands,. The put-call volume ratio is 0.77, (378,932/291,328). NYSE Adv/Dec 1,109/1,598. Nasdaq Adv/Dec 800/1,390.
Julian Close has been a business writer since the first day of the twenty-first century, having written for PRA International and the United Nations Department of Peacekeeping. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. He became a stockbroker in 1993, but now works for Fresh Brewed Media and uses his powers only for good. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.