Recap 12-17-12


Chart of the day – Speculative Positioning in VIX futures:


  • Boehner publicly accepted higher tax rates, but only for those earning > 1mm. He said he will exchange that and an increase in the debt ceiling for reduced entitlement spending. There was also a Washington Post blog post suggesting that a deal was close.
  • Japan’s LDP party won a super majority in the lower house of parliament on discontent from DPJ policies. BoJ issues is expected to be discussed next year.

Upcoming Data:

  • Mon: RBA Minutes,
  • Tue: US NAHB Index, Japan Trade Balance
  • Wed: German IFO, BoE Minutes, US Housing Starts,
  • Thu: US Jobless Claims, Philly Fed, Existing Home Sales
  • Fri: Quadruple Witching, Canada CPI, US Durable Goods Orders,

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