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) 15.04 -7.27%
- Euro/Yen Carry Return Index 129.71 -.01%
- Emerging Markets Currency Volatility(VXY) 8.81 -.79%
- S&P 500 Implied Correlation 42.18 -3.08%
- ISE Sentiment Index 101.0 +13.5%
- Total Put/Call .81 -11.96%
- NYSE Arms 1.0 -7.41%
Credit Investor Angst:
- North American Investment Grade CDS Index 63.25 -2.75%
- America Energy Sector High-Yield CDS Index 561.0 +.29%
- European Financial Sector CDS Index 86.79 -2.49%
- Italian/German 10Y Yld Spread 269.75 -.25 basis point
- Asia Ex-Japan Investment Grade CDS Index 75.31 +.05%
- Emerging Market CDS Index 174.48 -1.31%
- iBoxx Offshore RMB China Corporate High Yield Index 157.08 +.07%
- 2-Year Swap Spread 13.75 -.25 basis point
- TED Spread 28.0 -.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -7.25 -.5 basis point.
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 67.98 +.14%
- 3-Month T-Bill Yield 2.42% unch.
- Yield Curve 14.75 -1.5 basis points
- China Iron Ore Spot 87.0 USD/Metric Tonne +2.49%
- Citi US Economic Surprise Index -23.60 -7.9 points
- Citi Eurozone Economic Surprise Index -79.70 +.9 point
- Citi Emerging Markets Economic Surprise Index -11.9 +.6 point
- 10-Year TIPS Spread 1.87 +1.0 basis point
- 0.0% chance of Fed rate hike at May 1st meeting, 2.4% chance at June 19th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +280 open in Japan
- China A50 Futures: Indicating +121 open in China
- DAX Futures: Indicating +3 open in Germany
Portfolio:
- Higher: On gains in my tech/biotech/retail/medical/industrial sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100% Net Long
No comments:
Post a Comment