Finance Analyst Report: 2026-04-02 15:30:29
Executive Summary
- Market Sentiment: Bullish (Score: 0.24)
- Volatility Regime: Contango (Normal)
- Credit Signal: Risk ON
- Breadth: Moderately Bearish (29.9% >50d, 48.7% >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: N/A ◆ | BTC: $67,038 ▲ (Neutral)
- Seasonality (April): Avg +1.95%, Hit Rate 80% (Historically Bullish)
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $654.41 ▼ | 44.32 | 28.4 | $655.80 | Bearish | 1.43 |
| QQQ | $583.17 ▼ | 43.76 | 31.1 | $583.81 | Bearish | 1.47 |
| IWM | $250.77 | 52.28 | 36.0 | $215.00 | Neutral | 1.20 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 24.90 ▼ | 44.84 | 49.7 | $11.00 | Bullish | 0.62 |
| TNX | 43.13 | 53.23 | 47.8 | - | - | - |
| GLD | $428.39 ▼ | 38.66 | 55.4 | $404.01 | Bullish | 0.50 |
| DXY | 100.02 ▲ | 47.16 ▲ | 45.6 | - | - | - |
| SLV | $65.64 ▼ | 36.77 | 28.9 | $61.99 | Neutral | 0.81 |
Macro Fundamentals
- 10Y Yield: 4.31%
- Yield Curve (10Y-3M): 0.71 (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: 3,146,382 ▲
- 0DTE Put Volume: 4,797,504 ▲
- 0DTE Put/Call Ratio: 1.52 (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: 29.9% (of 502)
- Stocks Above 200-Day SMA: 48.7%
- 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: ~$0B ▼ (USD approx)
- Global Net Liquidity (Fed+ECB+BOJ): N/A ◆
- BTC-USD: $67,038 ▲ (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)
- Consumer Price Index for All Urban Consumers: All Items in U.S. City Average: 327.460 (Period: 2026-02-01)
- Employment Cost Index: Wages and Salaries: Private Industry Workers: 176.233 (Period: 2025-10-01)
- Industrial Production: Total Index: 102.551 (Period: 2026-02-01)
- Commercial Bank Interest Rate on Credit Card Plans, All Accounts: 20.97 (Period: 2025-11-01)
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
- Producer Price Index (PPI): 2026-04-14
- Industrial Production: 2026-04-16
- Retail Sales: 2026-04-21
- Gross Domestic Product (GDP): 2026-04-30
FX News Wire
Unread articles (6):
[1] Global PMIs: Manufacturers look through inflation – Standard Chartered URL: https://www.fxstreet.com/news/global-pmis-manufacturers-look-through-inflation-standard-chartered-202604021928 Published: Thu, 02 Apr 2026 19:28:00 Z
[2] Silver Price Forecast: Bearish bias holds as XAG/USD struggles below $75 URL: https://www.fxstreet.com/news/silver-price-forecast-bearish-bias-holds-as-xag-usd-struggles-below-75-202604021904 Published: Thu, 02 Apr 2026 19:04:03 Z
[3] Forex Today: US Dollar rebounds on Iran escalation, Oil surges, Gold sinks URL: https://www.fxstreet.com/news/forex-today-us-dollar-rebounds-on-iran-escalation-oil-surges-gold-sinks-202604021857 Published: Thu, 02 Apr 2026 18:57:14 Z
[4] Gold slides over 2% as Trump extends Iran operation, lifts USD bids URL: https://www.fxstreet.com/news/gold-slides-over-2-as-trump-extends-iran-operation-lifts-usd-bids-202604021842 Published: Thu, 02 Apr 2026 18:42:21 Z
[5] CNY: Gradual gains versus Dollar – Commerzbank URL: https://www.fxstreet.com/news/cny-gradual-gains-versus-dollar-commerzbank-202604021842 Published: Thu, 02 Apr 2026 18:42:00 Z
[6] Canada: Trade deficit surge and 2026 outlook – RBC URL: https://www.fxstreet.com/news/canada-trade-deficit-surge-and-2026-outlook-rbc-202604021832 Published: Thu, 02 Apr 2026 18:32:00 Z