Finance Analyst Report: 2026-04-02 14:30:28
Executive Summary
- Market Sentiment: Bullish (Score: 0.21)
- Volatility Regime: Contango (Normal)
- Credit Signal: Risk ON
- Breadth: Moderately Bearish (29.1% >50d, 48.9% >200d)
- Net Liquidity: $5,783B (Expanding)
- Dark Pool DIX: 0.487 (Strong Dark Pool Buying)
- MOVE Index: 90 | VIX/MOVE: 0.28 ▼ (Equity Vol Elevated vs Rates)
- Credit: HY OAS 3.16% (Watchful) | 2s10s: 0.52% (Normal (Steepening))
- Global Liquidity: $16,996B | BTC: $66,658 ▼ (Neutral)
- Seasonality (April): Avg +1.95%, Hit Rate 80% (Historically Bullish)
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $653.57 ▼ | 44.32 | 28.4 | $655.75 | Bearish | 1.53 |
| QQQ | $582.26 ▼ | 43.76 | 31.1 | $563.99 | Bearish | 1.56 |
| IWM | $249.92 ▼ | 52.28 | 36.0 | $212.50 | Bearish | 1.43 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 25.28 ▼ | 44.84 | 49.7 | $11.00 | Bullish | 0.61 |
| TNX | 43.09 ▼ | 53.23 | 47.8 | - | - | - |
| GLD | $427.61 ▲ | 38.66 | 55.4 | $408.39 | Bullish | 0.49 |
| DXY | 100.02 ▲ | 47.17 ▲ | 45.6 ▲ | - | - | - |
| SLV | $65.69 ▲ | 36.77 | 28.9 | $64.38 | Neutral | 0.87 |
Macro Fundamentals
- 10Y Yield: 4.31% ▼
- Yield Curve (10Y-3M): 0.70 (Normal)
- DXY: 100.02 ▲
- Growth vs Value: 0.89 ▼
- Risk Appetite (XLY/XLP): 1.32 ▼ (Defensive)
Volatility Structure
- MOVE Index (Bond Vol): 90.19
- VIX/MOVE Ratio: 0.28 ▼ (Equity Vol Elevated vs Rates)
- 0DTE Call Volume: 2,821,537 ▲
- 0DTE Put Volume: 4,215,513 ▲
- 0DTE Put/Call Ratio: 1.49 ▲ (Heavy 0DTE Put Buying (Hedging))
Credit Conditions
- HY OAS Spread: 3.16% (Watchful)
- BBB Spread: 1.10%
- 2s10s Spread: 0.52% (Normal (Steepening))
Market Breadth (S&P 500)
- Stocks Above 50-Day SMA: 29.1% (of 502)
- Stocks Above 200-Day SMA: 48.9%
- Breadth Signal: Moderately Bearish
Fed & Global Liquidity
- Fed Balance Sheet (WALCL): $6657.2B
- Treasury General Account (TGA): $874.1B
- Reverse Repo (RRP): $0.3B
- US Net Liquidity (WALCL - TGA - RRP): $5,783B
- Liquidity Regime: Expanding
- ECB Balance Sheet: ~$6,655B (USD approx)
- BOJ Balance Sheet: ~$4,558B (USD approx)
- Global Net Liquidity (Fed+ECB+BOJ): $16,996B
- BTC-USD: $66,658 ▼ (Neutral)
Dark Pool Activity
- DIX (Dark Index): 0.487
- GEX (Gamma Exposure): 2.66B
- Signal: Strong Dark Pool Buying
Seasonality (April)
- 20yr Average Return: +1.95%
- 20yr Median Return: +1.27%
- 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 (-0.2% 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: $5.42 (-1.5% vs 30d)
- GS: $16.11 (+2.7% vs 30d)
Upcoming Major Earnings
- GS: 2026-04-13
- JPM: 2026-04-14
- TSLA: 2026-04-22
- 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:
- Advance Retail Sales: Retail Trade: 638224.0 (Period: 2026-02-01)
- Employment Cost Index: Wages and Salaries: Private Industry Workers: 176.233 (Period: 2025-10-01)
Upcoming Economic Calendar (Next 30 Days):
- Employment Situation (Payrolls): 2026-04-03
- Gross Domestic Product (GDP): 2026-04-09
- Consumer Price Index (CPI): 2026-04-10
- Retail Sales: 2026-04-21
- Gross Domestic Product (GDP): 2026-04-30
FX News Wire
Unread articles (3):
[1] EUR/USD slips as Trump comments on Iran dampen de-escalation hopes, boost USD URL: https://www.fxstreet.com/news/eur-usd-slips-as-trump-comments-on-iran-dampen-de-escalation-hopes-boost-usd-202604021818 Published: Thu, 02 Apr 2026 18:18:16 Z
[2] USD/THB: Energy-led risk off favours Dollar – MUFG URL: https://www.fxstreet.com/news/usd-thb-energy-led-risk-off-favours-dollar-mufg-202604021754 Published: Thu, 02 Apr 2026 17:54:00 Z
[3] SPCE is holding a critical floor and the chart is starting to make a case for the upside URL: https://www.fxstreet.com/news/spce-is-holding-a-critical-floor-and-the-chart-is-starting-to-make-a-case-for-the-upside-202604021749 Published: Thu, 02 Apr 2026 17:49:01 Z