Broad Equity Market Tone:
- Advance/Decline Line: Slightly Higher
- Sector Performance: Most Sectors Rising
- Volume: Heavy
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 34.61 +2.96%
- Euro/Yen Carry Return Index 138.50 -.20%
- Emerging Markets Currency Volatility(VXY) 9.33 -.11%
- S&P 500 Implied Correlation 50.84 -3.27%
- ISE Sentiment Index 67.0 -23.86%
- Total Put/Call 1.37 +19.13%
- NYSE Arms .69 -44.29%
Credit Investor Angst:
- North American Investment Grade CDS Index 61.89 +4.9%
- America Energy Sector High-Yield CDS Index 408.0 +7.8%
- European Financial Sector CDS Index 55.92 +12.2%
- Italian/German 10Y Yld Spread 130.25 +7.0 basis points
- Asia Pacific Sovereign Debt CDS Index 13.67 +8.27%
- Emerging Market CDS Index 145.23 +10.36%
- iBoxx Offshore RMB China Corporate High Yield Index 147.41 +.03%
- 2-Year Swap Spread 27.5 +3.75 basis points
- TED Spread 25.75 +.5 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -40.25 -7.5 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 74.71 -.15%
- 3-Month T-Bill Yield 1.55% +1.0 basis point
- Yield Curve 77.50 +5.5 basis points
- China Iron Ore Spot 74.1 USD/Metric Tonne -1.15%
- Citi US Economic Surprise Index 47.40 -.9 point
- Citi Eurozone Economic Surprise Index 42.70 +3.0 basis points
- Citi Emerging Markets Economic Surprise Index -.9 -1.1 basis points
- 10-Year TIPS Spread 2.06 -3.0 basis points
- 98.1% chance of Fed rate hike at May 2 meeting, 9.2% chance at June 13 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -327 open in Japan
- China A50 Futures: Indicating -394 open in China
- DAX Futures: Indicating +23 open in Germany
Portfolio:
- Slightly Higher: On gains in my tech/retail/medical sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges and some of my (EEM) short
- Market Exposure: Moved to 75% Net Long
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