Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Slightly Above Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 10.79 -.83%
- Euro/Yen Carry Return Index 125.93 -.08%
- Emerging Markets Currency Volatility(VXY) 10.19 +.79%
- S&P 500 Implied Correlation 46.17 +1.1%
- ISE Sentiment Index 82.0 +5.0%
- Total Put/Call .93 unch.
- NYSE Arms .97 +17.8%
Credit Investor Angst:
- North American Investment Grade CDS Index 64.77 -1.14%
- America Energy Sector High-Yield CDS Index 375.0 -1.28%
- European Financial Sector CDS Index 94.25 +1.78%
- Western Europe Sovereign Debt CDS Index 23.92 +.08%
- Asia Pacific Sovereign Debt CDS Index 28.90 -1.48%
- Emerging Market CDS Index 219.81 -2.09%
- iBoxx Offshore RMB China Corporate High Yield Index 134.34 +.04%
- 2-Year Swap Spread 31.25 +.25 basis point
- TED Spread 50.0 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -26.25 -.5 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 71.29 +.13%
- 3-Month T-Bill Yield .53% +1.0 basis point
- Yield Curve 122.0 unch.
- China Import Iron Ore Spot $86.62/Metric Tonne +3.32%
- Citi US Economic Surprise Index 40.80 -1.6 points
- Citi Eurozone Economic Surprise Index 51.80 +3.7 points
- Citi Emerging Markets Economic Surprise Index 38.60 +1.9 points
- 10-Year TIPS Spread 2.02 +2.0 basis points
- 47.1% chance of Fed rate hike at May 3 meeting, 72.5% chance at June 14 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +26 open in Japan
- China A50 Futures: Indicating +82 open in China
- DAX Futures: Indicating +10 open in Germany
Portfolio:
- Higher: On gains in my in my retail/tech/biotech/medical sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long
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