Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Most Sectors Rising
- Volume: Above Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 19.57 +1.6%
- Euro/Yen Carry Return Index 138.43 -.27%
- Emerging Markets Currency Volatility(VXY) 8.78 unch.
- S&P 500 Implied Correlation 41.80 -2.9%
- ISE Sentiment Index 86.0 -5.49%
- Total Put/Call .90 -22.41%
- NYSE Arms .99 +112.17%
Credit Investor Angst:
- North American Investment Grade CDS Index 54.05 -6.39%
- America Energy Sector High-Yield CDS Index 386.0 -4.07%
- European Financial Sector CDS Index 53.04 -5.48%
- Italian/German 10Y Yld Spread 130.25 -.5 basis point
- Asia Pacific Sovereign Debt CDS Index 12.71 -3.42%
- Emerging Market CDS Index 122.69 -4.96%
- iBoxx Offshore RMB China Corporate High Yield Index 147.69 +.15%
- 2-Year Swap Spread 27.75 +.25 basis point
- TED Spread 26.75 +2.75 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -32.25 +.75 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 76.05 +.35%
- 3-Month T-Bill Yield 1.59% +1.0 basis point
- Yield Curve 71.75 -2.75 basis points
- China Iron Ore Spot 76.35 USD/Metric Tonne unch.
- Citi US Economic Surprise Index 35.20 -5.3 points
- Citi Eurozone Economic Surprise Index 37.10 -1.2 points
- Citi Emerging Markets Economic Surprise Index 2.40 +1.4 points
- 10-Year TIPS Spread 2.12 unch.
- 100.0% chance of Fed rate hike at May 2 meeting, 100.0% chance at June 13 meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +76 open in Japan
- China A50 Futures: Indicating +309 open in China
- DAX Futures: Indicating +25 open in Germany
Portfolio:
- Higher: On gains in my tech/retail/biotech/medical sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long
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