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) 44.6 -1.3%
- Euro/Yen Carry Return Index 123.22 +.75%
- Emerging Markets Currency Volatility(VXY) 12.3 -2.5%
- S&P 500 Implied Correlation 74.8 +4.1%
- ISE Sentiment Index 101.0 +32.0 points
- Total Put/Call .87 -9.4%
- NYSE Arms .80 +9.6%
Credit Investor Angst:
- North American Investment Grade CDS Index 112.26 -5.1%
- America Energy Sector High-Yield CDS Index 1,417.0 +8.0%
- European Financial Sector CDS Index 111.64 -5.51%
- Italian/German 10Y Yld Spread 192.5 +1.0 basis point
- Asia Ex-Japan Investment Grade CDS Index 136.96 -5.1%
- Emerging Market CDS Index 341.16 -6.74%
- iBoxx Offshore RMB China Corporate High Yield Index 155.62 -.33%
- 2-Year Swap Spread 25.0 +2.25 basis points
- TED Spread 128.0 -5.0 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap 47.0 -7.5 basis points
- MBS 5/10 Treasury Spread 117.0 -5.0 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 58.62 +1.16%
- 3-Month T-Bill Yield .10% +2.0 basis points
- Yield Curve .46 +6.0 basis points
- China Iron Ore Spot 79.53 USD/Metric Tonne -.23%
- Citi US Economic Surprise Index -42.9 +1.4 points
- Citi Eurozone Economic Surprise Index -67.60 +5.1 points
- Citi Emerging Markets Economic Surprise Index .4 +2.3 points
- 10-Year TIPS Spread 1.17 +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 +395 open in Japan
- China A50 Futures: Indicating -138 open in China
- DAX Futures: Indicating -61 open in Germany
Portfolio:
- Higher: On gains in my consumer staple/industrial/tech/medical sector long
- Disclosed Trades: Added to my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 50% Net Long
No comments:
Post a Comment