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2026-W14

Finance Analyst Report: 2026-04-02 18:01:12

Executive Summary

  • Market Sentiment: Bullish (Score: 0.25)
  • Volatility Regime: Contango (Normal)
  • Credit Signal: Risk ON
  • Breadth: Moderately Bearish (30.1% >50d, 49.1% >200d)
  • Net Liquidity: N/A (N/A)
  • Dark Pool DIX: 0.487 (Strong Dark Pool Buying)
  • MOVE Index: 84 ▼ | VIX/MOVE: 0.28 ▲ (Equity Vol Elevated vs Rates)
  • Credit: HY OAS 3.16% ▲ (Watchful ◆) | 2s10s: 0.00% ▼ (N/A ◆)
  • Global Liquidity: N/A | BTC: $66,899 ▼ (Neutral)
  • Seasonality (April): Avg +1.96%, Hit Rate 80% (Historically Bullish)

Equity & Derivatives Board

Ticker Price RSI(14) IVR ZGL GEX Sent PCR
SPY $655.64 ▼ 44.32 28.4 $655.60 Neutral 0.86
QQQ $584.56 ▼ 43.76 31.1 $564.00 Neutral 1.15
IWM $251.02 ▼ 52.28 36.0 $217.50 Bearish 1.56

Macro Board

Ticker Price RSI(14) IVR ZGL GEX Sent PCR
VIX 23.87 44.84 49.7 $11.00 Bullish 0.65
TNX 43.13 53.23 47.8 - - -
GLD $429.72 ▲ 38.66 55.4 $406.78 Bullish 0.49
DXY 100.00 ▼ 47.04 ▼ 45.5 ▼ - - -
SLV $65.95 ▼ 36.77 28.9 $64.41 Bullish 0.41

Macro Fundamentals

  • 10Y Yield: 4.31%
  • Yield Curve (10Y-3M): 0.71 (Normal)
  • DXY: 100.00 ▼
  • Growth vs Value: 0.89 ▼
  • Risk Appetite (XLY/XLP): 1.32 ▲ (Defensive)

Volatility Structure

  • MOVE Index (Bond Vol): 84.41 ▼
  • VIX/MOVE Ratio: 0.28 ▲ (Equity Vol Elevated vs Rates)
  • 0DTE Call Volume: 3,367,040
  • 0DTE Put Volume: 5,167,876
  • 0DTE Put/Call Ratio: 1.53 (Heavy 0DTE Put Buying (Hedging))

Credit Conditions

  • HY OAS Spread: 3.16% ▲ (Watchful ◆)
  • BBB Spread: 1.10%
  • 2s10s Spread: 0.00% ▼ (N/A ◆)

Market Breadth (S&P 500)

  • Stocks Above 50-Day SMA: 30.1% (of 502)
  • Stocks Above 200-Day SMA: 49.1%
  • Breadth Signal: Moderately Bearish

Fed & Global Liquidity

  • Fed Balance Sheet (WALCL): $N/AB
  • Treasury General Account (TGA): $N/AB
  • Reverse Repo (RRP): $N/AB
  • US Net Liquidity (WALCL - TGA - RRP): N/A
  • Liquidity Regime: N/A
  • ECB Balance Sheet: ~$0B (USD approx)
  • BOJ Balance Sheet: ~$4,558B ▲ (USD approx)
  • Global Net Liquidity (Fed+ECB+BOJ): N/A
  • BTC-USD: $66,899 ▼ (Neutral)

Dark Pool Activity

  • DIX (Dark Index): 0.487
  • GEX (Gamma Exposure): 2.66B
  • Signal: Strong Dark Pool Buying

Seasonality (April)

  • 20yr Average Return: +1.96%
  • 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
  • Consumer Price Index (CPI): 2026-04-10
  • Industrial Production: 2026-04-16

FX News Wire

Unread articles (5):

[1] USD/JPY sits below 160.00 as Tokyo's intervention threat collides with Friday's NFP URL: https://www.fxstreet.com/news/usd-jpy-sits-below-16000-as-tokyos-intervention-threat-collides-with-fridays-nfp-202604022119 Published: Thu, 02 Apr 2026 21:19:27 Z

[2] China: Export strength and bank flows – Commerzbank URL: https://www.fxstreet.com/news/china-export-strength-and-bank-flows-commerzbank-202604022117 Published: Thu, 02 Apr 2026 21:17:00 Z

[3] South Korea FX Reserves dipped from previous 427.62B to 423.66B in March URL: https://www.fxstreet.com/news/south-korea-fx-reserves-dipped-from-previous-42762b-to-42366b-in-march-202604022100 Published: Thu, 02 Apr 2026 21:00:01 Z

[4] USD/SGD: Near-term pressure within broader recovery – UOB URL: https://www.fxstreet.com/news/usd-sgd-near-term-pressure-within-broader-recovery-uob-202604022049 Published: Thu, 02 Apr 2026 20:49:00 Z

[5] AUD/USD slips toward 0.6900 as Trump remarks lift US Dollar today URL: https://www.fxstreet.com/news/aud-usd-slips-toward-06900-as-trump-remarks-lift-us-dollar-today-202604022039 Published: Thu, 02 Apr 2026 20:39:25 Z