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) 13.8 -6.5%
- Euro/Yen Carry Return Index 132.22 +.47%
- Emerging Markets Currency Volatility(VXY) 8.31 +.48%
- S&P 500 Implied Correlation 39.19 -2.8%
- ISE Sentiment Index 131.0 +31.0%
- Total Put/Call .90 -4.26%
- NYSE Arms 1.21 +6.14%
Credit Investor Angst:
- North American Investment Grade CDS Index 59.15 -1.54%
- America Energy Sector High-Yield CDS Index 508.0 +.38%
- European Financial Sector CDS Index 75.72 +2.48%
- Italian/German 10Y Yld Spread 255.0 -2.0 basis points
- Asia Ex-Japan Investment Grade CDS Index 69.12 -1.46%
- Emerging Market CDS Index 167.96 +1.65%
- iBoxx Offshore RMB China Corporate High Yield Index 158.66 +.06%
- 2-Year Swap Spread 9.0 -.5 basis point
- TED Spread 20.0 +.25 basis point
- 3-Month EUR/USD Cross-Currency Basis Swap -10.25 -.5 basis point
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 67.97 -.36%
- 3-Month T-Bill Yield 2.43% unch.
- Yield Curve 19.75 -.5 basis point
- China Iron Ore Spot 84.0 USD/Metric Tonne +3.6%
- Citi US Economic Surprise Index -43.40 -13.6 points
- Citi Eurozone Economic Surprise Index -61.60 -2.8 points
- Citi Emerging Markets Economic Surprise Index -18.8 -4.7 points
- 10-Year TIPS Spread 1.96 +2.0 basis points
- 2.1% chance of Fed rate hike at May 1st meeting, 2.0% chance at June 19th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating +143 open in Japan
- China A50 Futures: Indicating +91 open in China
- DAX Futures: Indicating +27 open in Germany
Portfolio:
- Higher: On gains in my biotech/medical/tech/industrial/retail sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100% Net Long
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