Finance Analyst Report: 2026-04-06 20:00:07
Executive Summary
- Market Sentiment: Bullish (Score: 0.2)
- Volatility Regime: Contango (Normal)
- Credit Signal: Risk ON
- Breadth: Moderately Bearish (33.9% >50d, 49.4% >200d)
- Net Liquidity: $5,827B (Expanding ◆)
- Dark Pool DIX: 0.503 (Strong Dark Pool Buying)
- MOVE Index: 82 | VIX/MOVE: 0.30 (Equity Vol Elevated vs Rates)
- Credit: HY OAS 3.13% (Watchful) | 2s10s: 0.50% (Normal (Steepening))
- Global Liquidity: $17,041B ◆ | BTC: $68,982 ▼ (Neutral)
- Seasonality (April): Avg +1.99%, Hit Rate 80% (Historically Bullish)
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $658.75 | 46.49 | 27.9 | $655.86 | Bullish | 0.64 |
| QQQ | $588.29 | 45.67 | 29.6 | $580.91 | Bullish | 0.58 |
| IWM | $252.03 | 54.90 | 35.6 | $252.48 | Bearish | 1.48 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 24.17 | 43.91 | 47.8 | $11.00 | Neutral | 0.73 |
| TNX | 43.35 | 51.98 | 47.9 | - | - | - |
| GLD | $427.90 | 37.96 | 55.8 | $403.82 | Bullish | 0.62 |
| DXY | 100.00 | 52.67 | 48.0 | - | - | - |
| SLV | $65.98 | 38.53 | 29.4 | $63.41 | Bullish | 0.51 |
Macro Fundamentals
- 10Y Yield: 4.33%
- 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): 81.68
- VIX/MOVE Ratio: 0.30 (Equity Vol Elevated vs Rates)
- 0DTE Call Volume: 2,582,539
- 0DTE Put Volume: 3,382,960
- 0DTE Put/Call Ratio: 1.31 (Heavy 0DTE Put Buying (Hedging))
Credit Conditions
- HY OAS Spread: 3.13% (Watchful)
- BBB Spread: 1.09%
- 2s10s Spread: 0.50% (Normal (Steepening))
Market Breadth (S&P 500)
- Stocks Above 50-Day SMA: 33.9% (of 501)
- Stocks Above 200-Day SMA: 49.4%
- Breadth Signal: Moderately Bearish
Fed & Global Liquidity
- Fed Balance Sheet (WALCL): $6675.3B
- Treasury General Account (TGA): $847.7B
- Reverse Repo (RRP): $0.2B
- US Net Liquidity (WALCL - TGA - RRP): $5,827B
- Liquidity Regime: Expanding ◆
- ECB Balance Sheet: ~$6,655B ▲ (USD approx)
- BOJ Balance Sheet: ~$4,558B ▲ (USD approx)
- Global Net Liquidity (Fed+ECB+BOJ): $17,041B ◆
- BTC-USD: $68,982 ▼ (Neutral)
Dark Pool Activity
- DIX (Dark Index): 0.503
- GEX (Gamma Exposure): 2.75B
- Signal: Strong Dark Pool Buying
Seasonality (April)
- 20yr Average Return: +1.99%
- 20yr Median Return: +1.43%
- 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)
Upcoming Economic Calendar (Next 30 Days):
- Gross Domestic Product (GDP): 2026-04-09
- Producer Price Index (PPI): 2026-04-14
- Industrial Production: 2026-04-16
- Gross Domestic Product (GDP): 2026-04-30
FX News Wire
Unread articles (9):
[1] Japan JP Foreign Reserves declined to $1B in March from previous $1410.7B URL: https://www.fxstreet.com/news/japan-jp-foreign-reserves-declined-to-1b-in-march-from-previous-14107b-202604062350 Published: Mon, 06 Apr 2026 23:50:01 Z
[2] Japan Overall Household Spending (YoY) below forecasts (-0.7%) in February: Actual (-1.7%) URL: https://www.fxstreet.com/news/japan-overall-household-spending-yoy-below-forecasts-07-in-february-actual-17-202604062330 Published: Mon, 06 Apr 2026 23:30:03 Z
[3] US President Donald Trump: Iran ceasefire proposal ‘significant’ but ‘not good enough’ URL: https://www.fxstreet.com/news/us-president-donald-trump-iran-ceasefire-proposal-significant-but-not-good-enough-202604062328 Published: Mon, 06 Apr 2026 23:28:15 Z
[4] Gold rebounds as traders watch Trump’s Iran deadline
URL: https://www.fxstreet.com/news/gold-rebounds-as-traders-watch-trumps-iran-deadline-202604062310
Published: Mon, 06 Apr 2026 23:10:05 Z
[5] GBP/JPY Price Forecast: Stalls below 211.50 on haven demand URL: https://www.fxstreet.com/news/gbp-jpy-price-forecast-stalls-below-21150-on-haven-demand-202604062300 Published: Mon, 06 Apr 2026 23:00:55 Z
[6] Australia S&P Global Services PMI below forecasts (46.6) in March: Actual (46.3) URL: https://www.fxstreet.com/news/australia-sp-global-services-pmi-below-forecasts-466-in-march-actual-463-202604062300 Published: Mon, 06 Apr 2026 23:00:02 Z
[7] Australia S&P Global Composite PMI came in at 46.6, below expectations (47) in March URL: https://www.fxstreet.com/news/australia-sp-global-composite-pmi-came-in-at-466-below-expectations-47-in-march-202604062300 Published: Mon, 06 Apr 2026 23:00:01 Z
[8] GBP/USD steady above 1.32 after ISM miss weighs on the US Dollar URL: https://www.fxstreet.com/news/gbp-usd-steady-above-132-after-ism-miss-weighs-on-the-us-dollar-202604062254 Published: Mon, 06 Apr 2026 22:54:43 Z
[9] USD/JPY steady near 160.00 as weak ISM data offsets geopolitical bid URL: https://www.fxstreet.com/news/usd-jpy-steady-near-16000-as-weak-ism-data-offsets-geopolitical-bid-202604062225 Published: Mon, 06 Apr 2026 22:25:43 Z