Broad Equity Market Tone:
- Advance/Decline Line: Slightly Higher
- Sector Performance: Mixed
- Volume: Below Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 11.93 -3.01%
- Euro/Yen Carry Return Index 128.13 +.91%
- Emerging Markets Currency Volatility(VXY) 9.42 -1.67%
- S&P 500 Implied Correlation 46.17 +1.36%
- ISE Sentiment Index 109.0 +78.7%
- Total Put/Call .95 -15.18%
- NYSE Arms 1.04 +68.1%
Credit Investor Angst:
- North American Investment Grade CDS Index 64.33 +.71%
- America Energy Sector High-Yield CDS Index 383.0 -.33%
- European Financial Sector CDS Index 86.23 -.99%
- Western Europe Sovereign Debt CDS Index 17.44 +7.62%
- Asia Pacific Sovereign Debt CDS Index 28.0 -1.7%
- Emerging Market CDS Index 217.27 -1.27%
- iBoxx Offshore RMB China Corporate High Yield Index 135.65 -.07%
- 2-Year Swap Spread 33.5 +.75 basis point
- TED Spread 37.75 -1.0 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -19.75 +3.0 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 70.94 +.62%
- 3-Month T-Bill Yield .74% +1.0 basis point
- Yield Curve 122.0 -1.0 basis point
- China Import Iron Ore Spot $86.72/Metric Tonne -.08%
- Citi US Economic Surprise Index 48.0 +3.2 points
- Citi Eurozone Economic Surprise Index 57.90 -1.2 points
- Citi Emerging Markets Economic Surprise Index 51.50 +3.9 points
- 10-Year TIPS Spread 2.01 unch.
- 100.0% chance of Fed rate hike at May 3 meeting, 100.0% chance at June 14 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -99 open in Japan
- China A50 Futures: Indicating -16 open in China
- DAX Futures: Indicating -15 open in Germany
Portfolio:
- Slightly Higher: On gains in my in my tech/retail sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 50% Net Long
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