Finance Analyst Report: 2026-04-03 09:00:45
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 0.00% ▼ (N/A ◆) | 2s10s: 0.00% ▼ (N/A ◆)
- Global Liquidity: N/A | BTC: $66,773 ▼ (Neutral)
- Seasonality (April): Avg +1.96%, Hit Rate 80% (Historically Bullish)
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $655.92 | 46.49 | 27.9 | $650.97 | Neutral | 1.02 |
| QQQ | $584.80 | 45.67 | 29.6 | $562.91 | Neutral | 0.81 |
| IWM | $251.20 | 54.90 | 35.6 | $249.55 | Bearish | 1.63 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 23.87 | 43.91 | 47.8 | $10.50 | Bullish | 0.55 |
| TNX | 43.13 | 51.98 | 47.9 | - | - | - |
| GLD | $429.79 | 37.96 | 55.8 | $408.61 | Bullish | 0.42 |
| DXY | 100.10 ▲ | 53.52 ▲ | 47.9 ▼ | - | - | - |
| SLV | $65.81 | 38.53 | 29.4 | $63.38 | Bullish | 0.63 |
Macro Fundamentals
- 10Y Yield: 4.31%
- Yield Curve (10Y-3M): 0.71 (Normal)
- DXY: 100.10 ▲
- 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: 0
- 0DTE Put Volume: 0
- 0DTE Put/Call Ratio: 0.00 (No 0DTE Expiry Today)
Credit Conditions
- HY OAS Spread: 0.00% ▼ (N/A ◆)
- 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): $0.3B
- US Net Liquidity (WALCL - TGA - RRP): N/A
- Liquidity Regime: N/A ◆
- ECB Balance Sheet: ~$0B ▼ (USD approx)
- BOJ Balance Sheet: ~$0B (USD approx)
- Global Net Liquidity (Fed+ECB+BOJ): N/A
- BTC-USD: $66,773 ▼ (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)
- 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):
- Producer Price Index (PPI): 2026-04-14
FX News Wire
Unread articles (10):
[1] Breaking: Nonfarm Payrolls increase by 178K in March URL: https://www.fxstreet.com/news/us-nonfarm-payrolls-expected-to-rise-by-60k-in-march-202604030400 Published: Fri, 03 Apr 2026 12:36:34 Z
[2] Pound Sterling Price News and Forecast: GBP/USD trades slightly higher in thin holiday trade URL: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-trades-slightly-higher-in-thin-holiday-trade-202604031235 Published: Fri, 03 Apr 2026 12:35:25 Z
[3] United States Average Hourly Earnings (YoY) registered at 3.5%, below expectations (3.7%) in March URL: https://www.fxstreet.com/news/united-states-average-hourly-earnings-yoy-registered-at-35-below-expectations-37-in-march-202604031230 Published: Fri, 03 Apr 2026 12:30:05 Z
[4] United States Average Hourly Earnings (MoM) below expectations (0.3%) in March: Actual (0.2%) URL: https://www.fxstreet.com/news/united-states-average-hourly-earnings-mom-below-expectations-03-in-march-actual-02-202604031230 Published: Fri, 03 Apr 2026 12:30:04 Z
[5] United States Average Weekly Hours below forecasts (34.3) in March: Actual (34.2) URL: https://www.fxstreet.com/news/united-states-average-weekly-hours-below-forecasts-343-in-march-actual-342-202604031230 Published: Fri, 03 Apr 2026 12:30:04 Z
[6] United States U6 Underemployment Rate fell from previous 7.9% to -8% in March URL: https://www.fxstreet.com/news/united-states-u6-underemployment-rate-fell-from-previous-79-to-8-in-march-202604031230 Published: Fri, 03 Apr 2026 12:30:03 Z
[7] United States Nonfarm Payrolls above forecasts (60K) in March: Actual (178K) URL: https://www.fxstreet.com/news/united-states-nonfarm-payrolls-above-forecasts-60k-in-march-actual-178k-202604031230 Published: Fri, 03 Apr 2026 12:30:03 Z
[8] United States Unemployment Rate came in at 4.3% below forecasts (4.4%) in March URL: https://www.fxstreet.com/news/united-states-unemployment-rate-came-in-at-43-below-forecasts-44-in-march-202604031230 Published: Fri, 03 Apr 2026 12:30:03 Z
[9] United States Labor Force Participation Rate declined to 61.9% in March from previous 62% URL: https://www.fxstreet.com/news/united-states-labor-force-participation-rate-declined-to-619-in-march-from-previous-62-202604031230 Published: Fri, 03 Apr 2026 12:30:03 Z
[10] USD/JPY trades sideways before US jobs report with intervention risks in focus URL: https://www.fxstreet.com/news/usd-jpy-trades-sideways-before-us-jobs-report-with-intervention-risks-in-focus-202604031205 Published: Fri, 03 Apr 2026 12:05:39 Z