Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Around Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 14.5 -2.3%
- Euro/Yen Carry Return Index 124.99 +1.58%
- Emerging Markets Currency Volatility(VXY) 6.38 -2.15%
- S&P 500 Implied Correlation 37.26 -1.71%
- ISE Sentiment Index 110.0 -3
- Total Put/Call .82 +3.8%
- NYSE Arms .63 -41.0%
Credit Investor Angst:
- North American Investment Grade CDS Index 44.53 -.15%
- America Energy Sector High-Yield CDS Index 644.0 +1.8%
- European Financial Sector CDS Index 47.24 +.25%
- Italian/German 10Y Yld Spread 137.0 +4.75 basis points
- Asia Ex-Japan Investment Grade CDS Index 47.85 -1.16%
- Emerging Market CDS Index 191.48 +.41%
- iBoxx Offshore RMB China Corporate High Yield Index 170.57 +.05%
- 2-Year Swap Spread 2.75 +.5 basis point
- TED Spread 12.5 -.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -9.5 +1.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 64.80 +.01%
- 3-Month T-Bill Yield 1.57% unch.
- Yield Curve .15 unch.
- China Iron Ore Spot 87.45 USD/Metric Tonne +1.2%
- Citi US Economic Surprise Index 55.60 +10.8 points
- Citi Eurozone Economic Surprise Index -29.9 unch.
- Citi Emerging Markets Economic Surprise Index 19.6 -1.1 points
- 10-Year TIPS Spread 1.66 -1.0 basis point
- 23.2% chance of Fed April 29th meeting, 44.1% chance of cut at June 10th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +230 open in Japan
- China A50 Futures: Indicating -3 open in China
- DAX Futures: Indicating -16 open in Germany
Portfolio:
- Higher: On gains in my tech/retail/biotech/medical sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges and some of my emerging market shorts
- Market Exposure: Moved to 75% Net Long
No comments:
Post a Comment