Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Most Sectors Rising
- Volume: Slightly Above Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 25.33 -4.56%
- Euro/Yen Carry Return Index 134.23 -1.24%
- Emerging Markets Currency Volatility(VXY) 12.88 -.92%
- S&P 500 Implied Correlation 63.48 -.11%
- ISE Sentiment Index 82.0 +32.26%
- Total Put/Call 1.08 +18.68%
- NYSE Arms 1.51 +89.43%
Credit Investor Angst:
- North American Investment Grade CDS Index 119.44 -.3%
- America Energy Sector High-Yield CDS Index 2,264.0 +.89%
- European Financial Sector CDS Index 127.75 -4.35%
- Western Europe Sovereign Debt CDS Index 30.24 -2.29%
- Asia Pacific Sovereign Debt CDS Index 83.23 -2.74%
- Emerging Market CDS Index 398.47 +1.22%
- iBoxx Offshore RMB China Corporate High Yield Index 122.95 +.02%
- 2-Year Swap Spread 4.75 -2.25 basis points
- TED Spread 31.50 unch.
- 3-Month EUR/USD Cross-Currency Basis Swap -24.0 +1.75 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 68.54 +.37%
- 3-Month T-Bill Yield .31% +2.0 basis points
- Yield Curve 100.0 -4.0 basis points
- China Import Iron Ore Spot $45.73/Metric Tonne n/a
- Citi US Economic Surprise Index -51.6 +1.0 point
- Citi Eurozone Economic Surprise Index -31.30 -4.3 points
- Citi Emerging Markets Economic Surprise Index -5.60 -.3 point
- 10-Year TIPS Spread 1.21% +1.0 basis point
- 5.9% chance of Fed rate hike at April 27 meeting, 15.3% chance at June 15 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +62 open in Japan
- China A50 Futures: Indicating n/a open in China
- DAX Futures: Indicating -5 open in Germany
Portfolio:
- Slightly Lower: On losses in my index hedges and emerging markets shorts
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges, then added them back
- Market Exposure: 25% Net Long
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