Finance Analyst Report: 2026-04-07 09:15:29
Executive Summary
- Market Sentiment: Bullish (Score: 0.2)
- Volatility Regime: Backwardation (Panic)
- 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: 0.31 ▼ (Equity Vol Elevated vs Rates)
- Credit: HY OAS 3.13% ▲ (Watchful ◆) | 2s10s: 0.50% ▲ (Normal (Steepening) ◆)
- Global Liquidity: $17,041B ◆ | BTC: $68,555 ▲ (Neutral)
- Seasonality (April): Avg +1.99%, Hit Rate 80% (Historically Bullish)
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $656.44 ▲ | 44.29 | 34.5 | $659.02 | Neutral | 0.99 |
| QQQ | $585.32 ▲ | 43.92 | 36.6 | $588.50 | Neutral | 0.88 |
| IWM | $250.99 ▲ | 53.68 | 46.2 | $251.47 | Bearish | 1.68 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 25.36 ▼ | 51.38 | 68.3 | $11.00 | Neutral | 0.74 |
| TNX | 43.31 ▼ | 58.67 | 65.3 | - | - | - |
| GLD | $427.67 ▲ | 37.57 | 55.6 | $403.79 | Neutral | 0.88 |
| DXY | 99.92 ▼ | 53.14 ▼ | 46.8 ▲ | - | - | - |
| SLV | $65.33 ▲ | 38.06 | 29.4 | $64.92 | Neutral | 0.76 |
Macro Fundamentals
- 10Y Yield: 4.33% ▼
- Yield Curve (10Y-3M): 0.70 ▼ (Normal)
- DXY: 99.92 ▼
- Growth vs Value: 0.89 ▼
- Risk Appetite (XLY/XLP): 1.31 ▲ (Defensive)
Volatility Structure
- MOVE Index (Bond Vol): 81.68
- VIX/MOVE Ratio: 0.31 ▼ (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: 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: $68,555 ▲ (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)
- 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
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