Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Mixed
- Volume: Above Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 11.86 +3.4%
- Euro/Yen Carry Return Index 124.72 +.84%
- Emerging Markets Currency Volatility(VXY) 9.57 -.73%
- S&P 500 Implied Correlation 45.12 -2.06%
- ISE Sentiment Index 83.0 -9.78%
- Total Put/Call .79 -4.82%
- NYSE Arms .79 -53.31%
Credit Investor Angst:
- North American Investment Grade CDS Index 62.33 -1.48%
- America Energy Sector High-Yield CDS Index 355.0 -.48%
- European Financial Sector CDS Index 93.48 -1.48%
- Western Europe Sovereign Debt CDS Index 22.17 -2.89%
- Asia Pacific Sovereign Debt CDS Index 25.40 +.45%
- Emerging Market CDS Index 214.94 +.14%
- iBoxx Offshore RMB China Corporate High Yield Index 135.06 +.11%
- 2-Year Swap Spread 35.75 -.5 basis point
- TED Spread 55.25 +.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -26.5 +1.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 71.60 +.06%
- 3-Month T-Bill Yield .50% unch.
- Yield Curve 116.0 -1.0 basis point
- China Import Iron Ore Spot $92.33/Metric Tonne +2.02%
- Citi US Economic Surprise Index 37.10 -8.6 points
- Citi Eurozone Economic Surprise Index 72.30 +2.1 points
- Citi Emerging Markets Economic Surprise Index 42.90 -3.4 points
- 10-Year TIPS Spread 2.03 +1.0 basis point
- 66.6% chance of Fed rate hike at May 3 meeting, 78.4% chance at June 14 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +127 open in Japan
- China A50 Futures: Indicating +52 open in China
- DAX Futures: Indicating +19 open in Germany
Portfolio:
- Higher: On gains in my in my retail/biotech sector longs and emerging market shorts
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100% Net Long
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