Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Most Sectors Rising
- Volume: Around Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 12.8 -5.04%
- Euro/Yen Carry Return Index 131.13 -.08%
- Emerging Markets Currency Volatility(VXY) 7.89 -1.62%
- S&P 500 Implied Correlation 38.33 -3.35%
- ISE Sentiment Index 76.0 -16.5%
- Total Put/Call .77 -14.4%
- NYSE Arms 1.25 +16.8%
Credit Investor Angst:
- North American Investment Grade CDS Index 57.97 -.62%
- America Energy Sector High-Yield CDS Index 512.0 +1.53%
- European Financial Sector CDS Index 71.68 +.54%
- Italian/German 10Y Yld Spread 241.25 +.5 basis point
- Asia Ex-Japan Investment Grade CDS Index 66.69 -.42%
- Emerging Market CDS Index 166.97 -.55%
- iBoxx Offshore RMB China Corporate High Yield Index 159.86 +.10%
- 2-Year Swap Spread 11.5 -1.25 basis points
- TED Spread 18.0 +2.0 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -7.75 +1.25 basis points
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 67.75 +.35%
- 3-Month T-Bill Yield 2.44% unch.
- Yield Curve 15.5 -2.0 basis points
- China Iron Ore Spot 85.11 USD/Metric Tonne +.63%
- Citi US Economic Surprise Index -36.20 -1.8 points
- Citi Eurozone Economic Surprise Index -34.10 +.6 point
- Citi Emerging Markets Economic Surprise Index -28.50 -2.5 points
- 10-Year TIPS Spread 1.95 +1.0 basis point
- 0.0% chance of Fed rate hike at May 1st meeting, 0.0% chance at June 19th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -85 open in Japan
- China A50 Futures: Indicating +60 open in China
- DAX Futures: Indicating +17 open in Germany
Portfolio:
- Higher: On losses in my retail/biotech/industrial sector longs
- Disclosed Trades: None
- Market Exposure: 100% Net Long
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