Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Most Sectors Rising
- Volume: Above Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 18.52 -10.10%
- Euro/Yen Carry Return Index 137.98 +.05%
- Emerging Markets Currency Volatility(VXY) 8.48 -.24%
- S&P 500 Implied Correlation 41.44 -1.1%
- ISE Sentiment Index 131.0 +37.9%
- Total Put/Call 1.02 +18.6%
- NYSE Arms 1.75 +40.7%
Credit Investor Angst:
- North American Investment Grade CDS Index 54.70 +1.25%
- America Energy Sector High-Yield CDS Index 372.0 -2.14%
- European Financial Sector CDS Index 52.84 -4.12%
- Italian/German 10Y Yld Spread 132.75 -.75 basis point
- Asia Pacific Sovereign Debt CDS Index 12.74 +1.15%
- Emerging Market CDS Index 123.29 -.86%
- iBoxx Offshore RMB China Corporate High Yield Index 147.37 +.09%
- 2-Year Swap Spread 26.75 unch.
- TED Spread 25.0-2.75 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -34.25 -1.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 75.45 -.17%
- 3-Month T-Bill Yield 1.64% +4.0 basis points
- Yield Curve 67.5 +1.25 basis points
- China Iron Ore Spot 76.35 USD/Metric Tonne n/a
- Citi US Economic Surprise Index 50.0 +1.2 points
- Citi Eurozone Economic Surprise Index -.2 -23.8 points
- Citi Emerging Markets Economic Surprise Index 5.30 +1.1 points
- 10-Year TIPS Spread 2.13 +2.0 basis points
- 100.0% chance of Fed rate hike at May 2 meeting, 100.0% chance at June 13 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +40 open in Japan
- China A50 Futures: Indicating +337 open in China
- DAX Futures: Indicating -33 open in Germany
Portfolio:
- Slightly Higher: On gains in my retail/medical/biotech sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges and to my (EEM) short
- Market Exposure: Moved to 50% Net Long
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