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2026-W14

Finance Analyst Report: 2026-04-01 13:45:35

Executive Summary

  • Market Sentiment: Neutral (Score: -0.07)
  • Volatility Regime: Contango (Normal)
  • Credit Signal: Risk ON
  • Breadth: Moderately Bearish (28.7% >50d, 49.9% >200d)
  • Net Liquidity: $5,767B (Expanding)
  • Dark Pool DIX: 0.446 (Moderate Dark Pool Buying)
  • MOVE Index: 96 | VIX/MOVE: 0.24 ▼ (Normal Relationship)
  • Credit: HY OAS 3.28% (Watchful) | 2s10s: 0.51% (Normal (Steepening))
  • Global Liquidity: $16,981B | BTC: $68,421 ▼ (Neutral)
  • Seasonality (April): Avg +1.98%, Hit Rate 80% (Historically Bullish)

Equity & Derivatives Board

Ticker Price RSI(14) IVR ZGL GEX Sent PCR
SPY $657.96 ▼ 37.09 28.0 $650.73 Bullish 0.49
QQQ $586.87 ▼ 35.75 30.5 $571.22 Bullish 0.27
IWM $251.67 ▼ 45.24 37.0 $217.50 Bullish 0.55

Macro Board

Ticker Price RSI(14) IVR ZGL GEX Sent PCR
VIX 23.62 ▲ 51.76 50.8 $11.00 Neutral 0.79
TNX 43.15 ▲ 56.70 47.8 - - -
GLD $439.31 ▼ 32.33 59.5 $416.13 Bullish 0.21
DXY 99.48 ▲ 48.01 ▲ 46.6 ▼ - - -
SLV $68.88 ▲ 35.17 33.6 $61.92 Bullish 0.42

Macro Fundamentals

  • 10Y Yield: 4.31% ▲
  • Yield Curve (10Y-3M): 0.71 ▲ (Normal)
  • DXY: 99.48 ▲
  • Growth vs Value: 0.89 ▼
  • Risk Appetite (XLY/XLP): 1.35 ▼ (Defensive)

Volatility Structure

  • MOVE Index (Bond Vol): 96.05
  • VIX/MOVE Ratio: 0.24 ▼ (Normal Relationship)
  • 0DTE Call Volume: 2,200,844 ▲
  • 0DTE Put Volume: 2,940,669 ▲
  • 0DTE Put/Call Ratio: 1.34 ▲ (Heavy 0DTE Put Buying (Hedging))

Credit Conditions

  • HY OAS Spread: 3.28% (Watchful)
  • BBB Spread: 1.13%
  • 2s10s Spread: 0.51% (Normal (Steepening))

Market Breadth (S&P 500)

  • Stocks Above 50-Day SMA: 28.7% (of 502)
  • Stocks Above 200-Day SMA: 49.9%
  • Breadth Signal: Moderately Bearish

Fed & Global Liquidity

  • Fed Balance Sheet (WALCL): $6657.2B
  • Treasury General Account (TGA): $874.1B
  • Reverse Repo (RRP): $15.8B
  • US Net Liquidity (WALCL - TGA - RRP): $5,767B
  • Liquidity Regime: Expanding
  • ECB Balance Sheet: ~$6,655B (USD approx)
  • BOJ Balance Sheet: ~$4,558B (USD approx)
  • Global Net Liquidity (Fed+ECB+BOJ): $16,981B
  • BTC-USD: $68,421 ▼ (Neutral)

Dark Pool Activity

  • DIX (Dark Index): 0.446
  • GEX (Gamma Exposure): 2.33B
  • Signal: Moderate Dark Pool Buying

Seasonality (April)

  • 20yr Average Return: +1.98%
  • 20yr Median Return: +1.35%
  • Win Rate (% Years Positive): 80%
  • Signal: Historically Bullish

EPS Revisions (Watchlist)

  • AAPL: $1.96 (+0.1% vs 30d)
  • MSFT: $4.09 (+0.0% vs 30d)
  • NVDA: $1.78 (+5.6% vs 30d)
  • GOOGL: $2.60 (+0.1% vs 30d)
  • AMZN: $1.65 (+0.1% vs 30d)
  • META: $6.61 (+0.1% vs 30d)
  • TSLA: $0.40 (-2.2% vs 30d)
  • WMT: $0.66 (-0.1% vs 30d)
  • JPM: $5.41 (-1.5% vs 30d)
  • GS: $15.93 (+1.5% vs 30d)

Upcoming Major Earnings

  • GS: 2026-04-13
  • JPM: 2026-04-14
  • TSLA: 2026-04-21
  • GOOGL: 2026-04-23
  • MSFT: 2026-04-29
  • META: 2026-04-29
  • AAPL: 2026-04-30
  • AMZN: 2026-04-30
  • NVDA: 2026-05-20
  • WMT: 2026-05-21

Economic Releases (FRED)

Today's Key Economic Prints:

  • No key economic prints today.

Upcoming Economic Calendar (Next 30 Days):

  • Gross Domestic Product (GDP): 2026-04-09
  • Producer Price Index (PPI): 2026-04-14
  • Retail Sales: 2026-04-21
  • Gross Domestic Product (GDP): 2026-04-30

FX News Wire

Unread articles (4):

[1] USD/JPY Price Forecast: Momentum cools as price slips below short-term average URL: https://www.fxstreet.com/news/usd-jpy-price-forecast-momentum-cools-as-price-slips-below-short-term-average-202604011721 Published: Wed, 01 Apr 2026 17:21:42 Z

[2] US Dollar Index slides as Iran ceasefire talk unwinds the March rally URL: https://www.fxstreet.com/news/us-dollar-index-slides-as-iran-ceasefire-talk-unwinds-the-march-rally-202604011714 Published: Wed, 01 Apr 2026 17:14:25 Z

[3] Dow Jones Industrial Average rallies as ceasefire hopes lift sentiment URL: https://www.fxstreet.com/news/dow-jones-industrial-average-rallies-as-ceasefire-hopes-lift-sentiment-202604011704 Published: Wed, 01 Apr 2026 17:04:46 Z

[4] FX Today: Trump and the US labour market come to the fore URL: https://www.fxstreet.com/news/fx-today-trump-and-the-us-labour-market-come-to-the-fore-202604011644 Published: Wed, 01 Apr 2026 16:44:53 Z