Broad Equity Market Tone:
- Advance/Decline Line: Substantially Higher
- Sector Performance: Almost Every Sector Rising
- Volume: Above Average
- Market Leading Stocks: Performing In Line
Equity Investor Angst:
- Volatility(VIX) 43.4 -7.0%
- Euro/Yen Carry Return Index 122.63 -.3%
- Emerging Markets Currency Volatility(VXY) 12.2 +.33%
- S&P 500 Implied Correlation 75.8 -4.8%
- ISE Sentiment Index 87.0 -14.0 points
- Total Put/Call 1.05 +9.4%
- NYSE Arms .90 -23.1%
Credit Investor Angst:
- North American Investment Grade CDS Index 105.02 -7.3%
- America Energy Sector High-Yield CDS Index 1,219.0 -1.31%
- European Financial Sector CDS Index 109.46 -1.31%
- Italian/German 10Y Yld Spread 195.75 +3.25 basis points
- Asia Ex-Japan Investment Grade CDS Index 137.64 +.02%
- Emerging Market CDS Index 339.44 -1.68%
- iBoxx Offshore RMB China Corporate High Yield Index 156.85 +.79%
- 2-Year Swap Spread 25.75 +.75 basis point
- TED Spread 117.0 -11.0 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap 43.75 -3.25 basis points
- MBS 5/10 Treasury Spread 117.0 unch.
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 58.62 +.21%
- 3-Month T-Bill Yield .18% +8.0 basis points
- Yield Curve .50 +4.0 basis points
- China Iron Ore Spot 80.20 USD/Metric Tonne +1.74%
- Citi US Economic Surprise Index -42.9 n/a
- Citi Eurozone Economic Surprise Index -67.60 n/a
- Citi Emerging Markets Economic Surprise Index .4 n/a
- 10-Year TIPS Spread 1.19 +2.0 basis points
- n/a chance of no change at April 29th meeting, n/a chance of no change at June 10th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -8 open in Japan
- China A50 Futures: Indicating +19 open in China
- DAX Futures: Indicating +25 open in Germany
Portfolio:
- Higher: On gains in my consumer staple/industrial/tech/medical/biotech sector long
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 75% Net Long
No comments:
Post a Comment