Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Above Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 19.44 -22.2%
- Euro/Yen Carry Return Index 138.77 +.02%
- Emerging Markets Currency Volatility(VXY) 8.78 +1.27%
- S&P 500 Implied Correlation 42.09 -8.0%
- ISE Sentiment Index 95.0 +39.71%
- Total Put/Call 1.18 +21.65%
- NYSE Arms .40 -63.48%
Credit Investor Angst:
- North American Investment Grade CDS Index 57.46 -1.73%
- America Energy Sector High-Yield CDS Index 403.0 -.46%
- European Financial Sector CDS Index 55.74 -1.42%
- Italian/German 10Y Yld Spread 130.75 -2.75 basis points
- Asia Pacific Sovereign Debt CDS Index 13.16 -3.83%
- Emerging Market CDS Index 129.32 -4.1%
- iBoxx Offshore RMB China Corporate High Yield Index 147.46 +.03%
- 2-Year Swap Spread 27.5 +2.0 basis points
- TED Spread 23.50 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -31.50 +.5 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 75.80 +.88%
- 3-Month T-Bill Yield 1.58% -1.0 basis point
- Yield Curve 74.50 +1.0 basis point
- China Iron Ore Spot 76.60 USD/Metric Tonne -.14%
- Citi US Economic Surprise Index 40.50 -2.8 points
- Citi Eurozone Economic Surprise Index 38.30 -.3 point
- Citi Emerging Markets Economic Surprise Index 1.0 +.6 point
- 10-Year TIPS Spread 2.11 +5.0 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 +311 open in Japan
- China A50 Futures: Indicating +117 open in China
- DAX Futures: Indicating +87 open in Germany
Portfolio:
- Higher: On gains in my tech/retail/biotech/medical sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long
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