Broad Equity Market Tone:
- Advance/Decline Line: Modestly Lower
- Sector Performance: Mixed
- Volume: Heavy
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 55.3 -3.2%
- Euro/Yen Carry Return Index 123.21 -.35%
- Emerging Markets Currency Volatility(VXY) 12.4 -2.1%
- S&P 500 Implied Correlation 80.7 +3.1%
- ISE Sentiment Index 56.0 -44.0 points
- Total Put/Call 1.19 +8.2%
- NYSE Arms .95 -21.5%
Credit Investor Angst:
- North American Investment Grade CDS Index 111.34 +3.17%
- America Energy Sector High-Yield CDS Index 1,242.0 -8.45%
- European Financial Sector CDS Index 117.92 -.42%
- Italian/German 10Y Yld Spread 199.5 +2.25 basis points
- Asia Ex-Japan Investment Grade CDS Index 140.68 -2.5%
- Emerging Market CDS Index 340.50 -2.87%
- iBoxx Offshore RMB China Corporate High Yield Index 164.72 -.59%
- 2-Year Swap Spread 26.0 -1.0 basis point
- TED Spread 141.0 -8.0 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap 43.5 +15.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 58.55 +.11%
- 3-Month T-Bill Yield .03% +1.0 basis point
- Yield Curve .46 +1.0 basis point
- China Iron Ore Spot 82.5 USD/Metric Tonne +1.37%
- Citi US Economic Surprise Index -2.9 -1.4 points
- Citi Eurozone Economic Surprise Index -50.20 -8.6 points
- Citi Emerging Markets Economic Surprise Index -6.6 +18.2 points
- 10-Year TIPS Spread .87 -8.0 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 -62 open in Japan
- China A50 Futures: Indicating -112 open in China
- DAX Futures: Indicating -141 open in Germany
Portfolio:
- Slightly Lower: On losses in my consumer staple/tech/biotech/industrial/medical sector longs
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 25% Net Long
No comments:
Post a Comment