Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Most Sectors Rising
- Volume: Heavy
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 70.75 -7.5%
- Euro/Yen Carry Return Index 122.43 +.07%
- Emerging Markets Currency Volatility(VXY) 15.7 +14.5%
- S&P 500 Implied Correlation 74.0 -14.3%
- ISE Sentiment Index 111.0 +53
- Total Put/Call 1.12 -16.4%
- NYSE Arms .87 -18.7%
Credit Investor Angst:
- North American Investment Grade CDS Index 136.26 -1.47%
- America Energy Sector High-Yield CDS Index 1,573.0 +5.83%
- European Financial Sector CDS Index 136.7 -16.6%
- Italian/German 10Y Yld Spread 193.5 -73.5 basis points
- Asia Ex-Japan Investment Grade CDS Index 154.5 +3.0%
- Emerging Market CDS Index 444.47 -2.87%
- iBoxx Offshore RMB China Corporate High Yield Index 170.73 -.18%
- 2-Year Swap Spread 21.25 +11.25 basis points
- TED Spread 107.0 +18.0 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -42.25 -15.5 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 58.06 -.81%
- 3-Month T-Bill Yield -.02% -3.0 basis points
- Yield Curve .75 +19.0 basis points
- China Iron Ore Spot 86.76 USD/Metric Tonne -3.6%
- Citi US Economic Surprise Index 42.80 -17.9 points
- Citi Eurozone Economic Surprise Index 2.6 -.2 point
- Citi Emerging Markets Economic Surprise Index -3.8 -.5 point
- 10-Year TIPS Spread .50 -14.0 basis points
- n/a chance of no change at April 29th meeting, n/a chance of no change at June 10th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +1,088 open in Japan
- China A50 Futures: Indicating +176 open in China
- DAX Futures: Indicating +101 open in Germany
Portfolio:
- Higher: On gains in my biotech, tech, industrial sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 50% Net Long
No comments:
Post a Comment