Broad Equity Market Tone:
- Advance/Decline Line: Modestly Higher
- Sector Performance: Most Sectors Declining
- Volume: Slightly Below Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 20.92 -3.33%
- Euro/Yen Carry Return Index 130.84 -.47%
- Emerging Markets Currency Volatility(VXY) 12.57 +.40%
- S&P 500 Implied Correlation 62.35 -.38%
- ISE Sentiment Index 115.0 +3.60%
- Total Put/Call .98 -8.41%
- NYSE Arms 1.61 +4.35%
Credit Investor Angst:
- North American Investment Grade CDS Index 118.82 +1.71%
- America Energy Sector High-Yield CDS Index 2,301.0 +1.44%
- European Financial Sector CDS Index 121.25 +3.63%
- Western Europe Sovereign Debt CDS Index 32.66 +.76%
- Asia Pacific Sovereign Debt CDS Index 78.67 +.47%
- Emerging Market CDS Index 376.27 -1.30%
- iBoxx Offshore RMB China Corporate High Yield Index 123.28 +.03%
- 2-Year Swap Spread 6.0 -1.25 basis points
- TED Spread 33.0 -1.25 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -22.75 -.75 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 68.47 -.09%
- 3-Month T-Bill Yield .29% -1.0 basis point
- Yield Curve 101.0 -4.0 basis points
- China Import Iron Ore Spot $48.52/Metric Tonne +2.93%
- Citi US Economic Surprise Index -37.0 +7.8 points
- Citi Eurozone Economic Surprise Index -32.30 -.7 point
- Citi Emerging Markets Economic Surprise Index -7.0 +.4 point
- 10-Year TIPS Spread 1.26% unch.
- 9.8% chance of Fed rate hike at April 27 meeting, 22.4% chance at June 15 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -203 open in Japan
- China A50 Futures: Indicating +1 open in China
- DAX Futures: Indicating -13 open in Germany
Portfolio:
- Slightly Higher: On gains in my biotech/medical/tech sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 50% Net Long
No comments:
Post a Comment