Finance Analyst Report: 2026-04-07 08:00:07
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: $68,333 ▼ (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: $68,333 ▼ (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 (13):
[1] Silver Price Forecasts: XAG/USD drifts below $72 with all eyes on Iran’s war URL: https://www.fxstreet.com/news/silver-price-forecasts-xag-usd-drifts-below-72-with-all-eyes-on-irans-war-202604071146 Published: Tue, 07 Apr 2026 11:46:19 Z
[2] Pound Sterling gives back gains against US Dollar as Iran denies ceasefire proposal URL: https://www.fxstreet.com/news/pound-sterling-gives-back-gains-against-us-dollar-as-iran-denies-ceasefire-proposal-202604071146 Published: Tue, 07 Apr 2026 11:46:14 Z
[3] US military strikes targets on Iran's Kharg Island – Axios URL: https://www.fxstreet.com/news/us-military-strikes-targets-on-irans-kharg-island-axios-202604071144 Published: Tue, 07 Apr 2026 11:44:24 Z
[4] Aluminium: Gulf outages tighten global balance – ING URL: https://www.fxstreet.com/news/aluminium-gulf-outages-tighten-global-balance-ing-202604071143 Published: Tue, 07 Apr 2026 11:43:36 Z
[5] Oil: War risk and supply headlines support prices – Commerzbank URL: https://www.fxstreet.com/news/oil-war-risk-and-supply-headlines-support-prices-commerzbank-202604071133 Published: Tue, 07 Apr 2026 11:33:58 Z
[6] AUD: Energy shock threatens fragile consumption – TD Securities URL: https://www.fxstreet.com/news/aud-energy-shock-threatens-fragile-consumption-td-securities-202604071125 Published: Tue, 07 Apr 2026 11:25:39 Z
[7] DXY: Energy shock keeps Dollar bid – BBH URL: https://www.fxstreet.com/news/dxy-energy-shock-keeps-dollar-bid-bbh-202604071117 Published: Tue, 07 Apr 2026 11:17:00 Z
[8] Gold Price Forecast: 20-day EMA acts as key barrier ahead of Trump’s deadline to Iran URL: https://www.fxstreet.com/news/gold-price-forecast-20-day-ema-acts-as-key-barrier-ahead-of-trumps-deadline-to-iran-202604071059 Published: Tue, 07 Apr 2026 10:59:56 Z
[9] AUD/USD recovery stalls below 0.6950 with all eyes on the Iran war URL: https://www.fxstreet.com/news/aud-usd-recovery-stalls-below-06950-with-all-eyes-on-the-iran-war-202604071048 Published: Tue, 07 Apr 2026 10:48:55 Z
[10] Iran rejects US temporary ceasefire proposal - Reuters URL: https://www.fxstreet.com/news/iran-rejects-us-temporary-ceasefire-proposal-reuters-202604071021 Published: Tue, 07 Apr 2026 10:21:56 Z
[11] EUR/GBP approaches 0.8700 lows following Eurozone and UK services data URL: https://www.fxstreet.com/news/eur-gbp-approaches-08700-lows-following-eurozone-and-uk-services-data-202604071015 Published: Tue, 07 Apr 2026 10:15:14 Z
[12] EUR/USD: Gradual recovery path tied to Hormuz risks – NBC URL: https://www.fxstreet.com/news/eur-usd-gradual-recovery-path-tied-to-hormuz-risks-nbc-202604071005 Published: Tue, 07 Apr 2026 10:05:10 Z
[13] USD/INR faces pressure in countdown to Trump’s Iran deadline URL: https://www.fxstreet.com/news/usd-inr-edges-lower-at-open-ahead-of-trumps-iran-deadline-202604070523 Published: Tue, 07 Apr 2026 09:58:47 Z