Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Slightly Above Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 10.93 -8.38%
- Euro/Yen Carry Return Index 126.82 +.08%
- Emerging Markets Currency Volatility(VXY) 10.42 +.29%
- S&P 500 Implied Correlation 44.93 +6.1%
- ISE Sentiment Index 93.0 +24.1%
- Total Put/Call .97 -8.1%
- NYSE Arms 1.26 +17.65%
Credit Investor Angst:
- North American Investment Grade CDS Index 64.40 -1.97%
- America Energy Sector High-Yield CDS Index 372.0 -5.29%
- European Financial Sector CDS Index 86.80 -2.33%
- Western Europe Sovereign Debt CDS Index 23.04 +.61%
- Asia Pacific Sovereign Debt CDS Index 31.14 -3.31%
- Emerging Market CDS Index 224.23 -2.58%
- iBoxx Offshore RMB China Corporate High Yield Index 133.68 +.14%
- 2-Year Swap Spread 30.75 +.75 basis point
- TED Spread 53.75 unch.
- 3-Month EUR/USD Cross-Currency Basis Swap -28.75 +.5 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 71.42 +.36%
- 3-Month T-Bill Yield .50% unch.
- Yield Curve 127.0 unch.
- China Import Iron Ore Spot $82.19/Metric Tonne +1.38-
- Citi US Economic Surprise Index 45.30 +6.9 points
- Citi Eurozone Economic Surprise Index 55.90 -1.4 points
- Citi Emerging Markets Economic Surprise Index 38.0 -5.7 points
- 10-Year TIPS Spread 2.05 unch.
- 44.0% chance of Fed rate hike at May 3 meeting, 68.8% chance at June 14 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +207 open in Japan
- China A50 Futures: Indicating +94 open in China
- DAX Futures: Indicating +5 open in Germany
Portfolio:
- Higher: On gains in my in my biotech/tech/retail/medical sector longs
- Disclosed Trades: None
- Market Exposure: 75% Net Long
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