Major indices are mixed this Tuesday morning as the US 10-year Treasury now yields 2.52%—its highest yield since March of 2017. The Dow 30 is slightly higher, while a highly chaotic NASDAQ is leaping back and forth across the starting line. Many computer users faced a frustrating morning, caused in part by the recently announced flaw in AMD, ARM Holdings, and Intel chips that created a security flaw that allowed for classes of attacks known as “Spectre” and “Meltdown.” Today’s problem is that a patch sent out by Microsoft (MSFT) to address the previous problem resulted in AMD-based computers becoming unbootable. Each man is in his Spectre’s power.
Industries doing well today include life sciences tools, auto components, multiline retail. Industries showing weakness include metals & mining, textiles, and diversified telecom. The VIX is up 3.26% to 9.83 after closing on Tuesday at 9.52. The most heavily traded options this morning are for the S&P 500 SPDR ETF (ETF), 13,776 January-19 calls on the board. The total put/call ratio as of 10:00 AM was 0.7 (367,720/232,344) The advancers/decliners ratio for NYSE stocks is 1,268/1,574 while the advancers/decliners ratio for NASDAQ stocks is 1,362/1,414.