Finance Analyst Report: 2026-04-07 00:00:06
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: $68,763 ▲ (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: $68,763 ▲ (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 (8):
[1] Gold remains depressed as Hormuz standoff supports USD amid hawkish Fed rate bets URL: https://www.fxstreet.com/news/gold-remains-depressed-as-hormuz-standoff-supports-usd-amid-hawkish-fed-rate-bets-202604070329 Published: Tue, 07 Apr 2026 03:29:17 Z
[2] EUR/USD Price Forecast: Consolidates around 1.1530 in countdown to Trump’s deadline URL: https://www.fxstreet.com/news/eur-usd-price-forecast-consolidates-around-11530-in-countdown-to-trumps-deadline-202604070323 Published: Tue, 07 Apr 2026 03:23:33 Z
[3] Pound Sterling weakens as safe-haven demand lifts US Dollar URL: https://www.fxstreet.com/news/pound-sterling-weakens-as-safe-haven-demand-lifts-us-dollar-202604070257 Published: Tue, 07 Apr 2026 02:57:45 Z
[4] US Dollar Index gathers strength above 100.00 on heightened uncertainty in the Middle East URL: https://www.fxstreet.com/news/us-dollar-index-gathers-strength-above-10000-on-heightened-uncertainty-in-the-middle-east-202604070243 Published: Tue, 07 Apr 2026 02:43:43 Z
[5] NZD/USD weakens to near 0.5700 amid Middle East tensions, traders await RBNZ rate decision URL: https://www.fxstreet.com/news/nzd-usd-weakens-to-near-05700-amid-middle-east-tensions-traders-await-rbnz-rate-decision-202604070159 Published: Tue, 07 Apr 2026 01:59:18 Z
[6] Canadian Dollar declines despite rising oil prices URL: https://www.fxstreet.com/news/canadian-dollar-declines-despite-rising-oil-prices-202604070158 Published: Tue, 07 Apr 2026 01:58:15 Z
[7] Iran warns Trump to surrender in 20 hours or allies face "palaeolithic age" URL: https://www.fxstreet.com/news/iran-warns-trump-to-surrender-in-20-hours-or-allies-face-palaeolithic-age-202604070154 Published: Tue, 07 Apr 2026 01:54:42 Z
[8] Japanese Yen slides after soft Household Spending data; USD/JPY eyes 160.00 mark URL: https://www.fxstreet.com/news/japanese-yen-slides-after-soft-household-spending-data-usd-jpy-eyes-16000-mark-202604070152 Published: Tue, 07 Apr 2026 01:52:07 Z