Broad Equity Market Tone:
- Advance/Decline Line: Higher
- Sector Performance: Mixed
- Volume: Around Average
- Market Leading Stocks: Outperforming
Equity Investor Angst:
- Volatility(VIX) 15.76 +.7{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Euro/Yen Carry Return Index 129.80 -.08{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Emerging Markets Currency Volatility(VXY) 8.91 unch.
- S&P 500 Implied Correlation 42.01 -.02{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- ISE Sentiment Index 93.0 +8.14{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Total Put/Call .89 -11.0{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- NYSE Arms 1.03 -7.21{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
Credit Investor Angst:
- North American Investment Grade CDS Index 64.34 +.17{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- America Energy Sector High-Yield CDS Index 559.0 +.45{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- European Financial Sector CDS Index 89.0 +.80{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Italian/German 10Y Yld Spread 270.0 +4.0 basis points
- Asia Ex-Japan Investment Grade CDS Index 75.37 -.76{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- Emerging Market CDS Index 176.90 -.31{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- iBoxx Offshore RMB China Corporate High Yield Index 156.98 +.04{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- 2-Year Swap Spread 14.0 +.75 basis point
- TED Spread 28.5 +1.25 basis points
- 3-Month EUR/USD Cross-Currency Basis Swap -6.75 +2.0 basis points.
Economic Gauges:
- Bloomberg Emerging Markets Currency Index 67.90 +.09{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}
- 3-Month T-Bill Yield 2.42{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} unch.
- Yield Curve 16.25 -1.0 basis point
- China Iron Ore Spot 84.80 USD/Metric Tonne unch.
- Citi US Economic Surprise Index 15.70 +.3 point
- Citi Eurozone Economic Surprise Index -80.60 -1.6 points
- Citi Emerging Markets Economic Surprise Index -12.5 -.8 point
- 10-Year TIPS Spread 1.86 unch.
- 0.0{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} chance of Fed rate hike at May 1st meeting, 3.8{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} chance at June 19th meeting
Overseas Futures:
- Nikkei 225 Futures: Indicating -90 open in Japan
- China A50 Futures: Indicating +5 open in China
- DAX Futures: Indicating +32 open in Germany
Portfolio:
- Higher: On gains in my tech/biotech/retail sector longs
- Disclosed Trades: Covered some of my (IWM)/(QQQ) hedges
- Market Exposure: Moved to 100{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} Net Long
SOURCE: BETWEEN THE HEDGES – Read entire story here.
