Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Below Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 13.83 -4.36%
- Euro/Yen Carry Return Index 130.42 +.04%
- Emerging Markets Currency Volatility(VXY) 8.68 -2.03%
- S&P 500 Implied Correlation 39.05 -2.28%
- ISE Sentiment Index 150.0 +61.3%
- Total Put/Call .72 -20.9%
- NYSE Arms 1.48 +13.0%
Credit Investor Angst:
- North American Investment Grade CDS Index 62.19 +1.20%
- America Energy Sector High-Yield CDS Index 541.0 +.50%
- European Financial Sector CDS Index 82.71 +2.54%
- Italian/German 10Y Yld Spread 275.25 +4.75 basis points
- Asia Ex-Japan Investment Grade CDS Index 71.56 -.65%
- Emerging Market CDS Index 171.82 -.92%
- iBoxx Offshore RMB China Corporate High Yield Index 158.27 +.11%
- 2-Year Swap Spread 10.25 +.5 basis point
- TED Spread 22.75 -.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -6.0 -.25 basis point.
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 68.25 +.24%
- 3-Month T-Bill Yield 2.44% unch.
- Yield Curve 16.0 -.25 basis point
- China Iron Ore Spot 85.04 USD/Metric Tonne +2.76%
- Citi US Economic Surprise Index -23.40 +.2 point
- Citi Eurozone Economic Surprise Index -64.0 -1.0 point
- Citi Emerging Markets Economic Surprise Index -8.0 -.6 point
- 10-Year TIPS Spread 1.92 +1.0 basis point
- .9% chance of Fed rate hike at May 1st meeting, .8% chance at June 19th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +35 open in Japan
- China A50 Futures: Indicating +63 open in China
- DAX Futures: Indicating -10 open in Germany
Portfolio:
- Higher: On gains in my medical/biotech/retail/industrial/tech sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100% Net Long
No comments:
Post a Comment