Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Mixed
- Volume: Below Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 15.62 -3.22%
- Euro/Yen Carry Return Index 130.60 +.15%
- Emerging Markets Currency Volatility(VXY) 8.91 +.56%
- S&P 500 Implied Correlation 43.11 +2.28%
- ISE Sentiment Index 119.0 +45.1%
- Total Put/Call .82 -26.8%
- NYSE Arms 1.13 unch.
Credit Investor Angst:
- North American Investment Grade CDS Index 65.55 -1.78%
- America Energy Sector High-Yield CDS Index 665.0 +1.90%
- European Financial Sector CDS Index 88.25 +2.12%
- Italian/German 10Y Yld Spread 255.75 +2.5 basis points
- Asia Ex-Japan Investment Grade CDS Index 78.32 -1.74%
- Emerging Market CDS Index 170.86 -.52%
- iBoxx Offshore RMB China Corporate High Yield Index 156.17 +.05%
- 2-Year Swap Spread 14.50 +.5 basis point
- TED Spread 34.75 -.75 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -6.0 -.25 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 68.73 -.12%
- 3-Month T-Bill Yield 2.38% -1.0 basis point
- Yield Curve 18.75 +.5 basis point
- China Iron Ore Spot 85.50 USD/Metric Tonne +3.14%
- Citi US Economic Surprise Index 18.30 -9.0 points
- Citi Eurozone Economic Surprise Index -78.2 -.9 point
- Citi Emerging Markets Economic Surprise Index -12.5 -.4 point
- 10-Year TIPS Spread 1.87 -1.0 basis point
- 1.9% chance of Fed rate hike at May 1st meeting, 6.5% chance at June 19th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -8 open in Japan
- China A50 Futures: Indicating +53 open in China
- DAX Futures: Indicating +15 open in Germany
Portfolio:
- Higher: On gains in my tech/retail/industrial sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100% Net Long
No comments:
Post a Comment