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2026-W15

Finance Analyst Report: 2026-04-06 10:01:12

Executive Summary

  • Market Sentiment: Bullish (Score: 0.21)
  • Volatility Regime: Contango (Normal)
  • Credit Signal: Risk ON
  • Breadth: Moderately Bearish (30.9% >50d, 49.1% >200d)
  • Net Liquidity: N/A (N/A ◆)
  • Dark Pool DIX: 0.503 (Strong Dark Pool Buying)
  • MOVE Index: 84 | VIX/MOVE: 0.29 ▼ (Equity Vol Elevated vs Rates)
  • Credit: HY OAS 3.17% (Watchful) | 2s10s: 0.51% (Normal (Steepening))
  • Global Liquidity: N/A ◆ | BTC: $69,363 ▲ (Neutral)
  • Seasonality (April): Avg +1.97%, Hit Rate 80% (Historically Bullish)

Equity & Derivatives Board

Ticker Price RSI(14) IVR ZGL GEX Sent PCR
SPY $658.58 ▲ 46.49 27.9 $655.61 Neutral 0.80
QQQ $589.28 ▲ 45.67 29.6 $583.72 Bullish 0.49
IWM $251.85 ▲ 54.90 35.6 $249.69 Neutral 0.99

Macro Board

Ticker Price RSI(14) IVR ZGL GEX Sent PCR
VIX 24.29 ▼ 43.91 47.8 $11.00 Neutral 0.73
TNX 43.39 ▼ 51.98 47.9 - - -
GLD $430.34 ▲ 37.96 55.8 $408.78 Bullish 0.52
DXY 99.86 ▲ 51.34 ▲ 48.3 ▼ - - -
SLV $65.95 ▲ 38.53 29.4 $63.37 Bullish 0.60

Macro Fundamentals

  • 10Y Yield: 4.34% ▼
  • Yield Curve (10Y-3M): 0.72 ▼ (Normal)
  • DXY: 99.86 ▲
  • Growth vs Value: 0.90 ▲
  • Risk Appetite (XLY/XLP): 1.33 ▲ (Defensive)

Volatility Structure

  • MOVE Index (Bond Vol): 84.41
  • VIX/MOVE Ratio: 0.29 ▼ (Equity Vol Elevated vs Rates)
  • 0DTE Call Volume: 401,398 ▲
  • 0DTE Put Volume: 367,400 ▲
  • 0DTE Put/Call Ratio: 0.92 ▼ (Balanced 0DTE Flow)

Credit Conditions

  • HY OAS Spread: 3.17% (Watchful)
  • BBB Spread: 1.09%
  • 2s10s Spread: 0.51% (Normal (Steepening))

Market Breadth (S&P 500)

  • Stocks Above 50-Day SMA: 30.9% (of 463)
  • Stocks Above 200-Day SMA: 49.1%
  • Breadth Signal: Moderately Bearish

Fed & Global Liquidity

  • Fed Balance Sheet (WALCL): $N/AB
  • Treasury General Account (TGA): $847.7B
  • 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: ~$0B ▼ (USD approx)
  • Global Net Liquidity (Fed+ECB+BOJ): N/A ◆
  • BTC-USD: $69,363 ▲ (Neutral)

Dark Pool Activity

  • DIX (Dark Index): 0.503
  • GEX (Gamma Exposure): 2.75B
  • Signal: Strong Dark Pool Buying

Seasonality (April)

  • 20yr Average Return: +1.97%
  • 20yr Median Return: +1.30%
  • 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 (+0.2% vs 30d)
  • META: $6.61 (+0.1% vs 30d)
  • TSLA: $0.39 (-1.8% vs 30d)
  • WMT: $0.66 (-0.1% vs 30d)
  • JPM: $5.43 (-1.2% vs 30d)
  • GS: $16.07 (+2.4% 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):

  • 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 (5):

[1] Brent: Conflict keeps risk premium elevated – OCBC URL: https://www.fxstreet.com/news/brent-conflict-keeps-risk-premium-elevated-ocbc-202604061347 Published: Mon, 06 Apr 2026 13:47:31 Z

[2] Gold consolidates gains as US-Iran ceasefire talks weigh on the US Dollar URL: https://www.fxstreet.com/news/gold-edges-higher-as-us-iran-ceasefire-talks-lift-market-sentiment-202604061201 Published: Mon, 06 Apr 2026 13:34:19 Z

[3] Asian FX: Energy shock risks weigh on regional currencies – MUFG URL: https://www.fxstreet.com/news/asian-fx-energy-shock-risks-weigh-on-regional-currencies-mufg-202604061326 Published: Mon, 06 Apr 2026 13:26:40 Z

[4] EUR/GBP Price Forecast: Supported by converging SMAs but capped below 0.8750 URL: https://www.fxstreet.com/news/eur-gbp-price-forecast-supported-by-converging-smas-but-capped-below-08750-202604061312 Published: Mon, 06 Apr 2026 13:12:57 Z

[5] US: Services growth seen easing on Iran uncertainty – TD Securities URL: https://www.fxstreet.com/news/us-services-growth-seen-easing-on-iran-uncertainty-td-securities-202604061308 Published: Mon, 06 Apr 2026 13:08:26 Z