Finance Analyst Report: 2026-04-09 10:15:37
Executive Summary
- Market Sentiment: Bullish (Score: 0.21)
- Volatility Regime: Contango (Normal)
- Credit Signal: Risk ON
- Breadth: Mixed (47.0% >50d, 55.0% >200d)
- Net Liquidity: $5,827B (Expanding ◆)
- Dark Pool DIX: 0.455 (Strong Dark Pool Buying)
- MOVE Index: 79 | VIX/MOVE: 0.27 ▲ (Equity Vol Elevated vs Rates)
- Credit: HY OAS 2.94% (Benign) | 2s10s: 0.50% (Normal (Steepening))
- Global Liquidity: $16,897B ◆ | BTC: $70,669 ▼ (Neutral)
- Seasonality (April): Avg +2.11%, Hit Rate 80% (Historically Bullish)
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $674.63 ▼ | 57.72 | 38.9 | $657.93 | Bullish | 0.57 |
| QQQ | $604.07 ▼ | 55.38 | 40.7 | $595.36 | Neutral | 0.93 |
| IWM | $259.49 ▼ | 64.54 | 51.0 | $252.24 | Neutral | 0.93 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | GEX Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 21.08 ▲ | 42.31 | 64.5 | $10.50 | Neutral | 1.17 |
| TNX | 43.09 ▼ | 52.47 | 70.1 | - | - | - |
| GLD | $438.06 ▲ | 45.85 | 55.2 | $416.44 | Neutral | 0.75 |
| DXY | 98.92 ▲ | 46.89 ▲ | 50.4 ▼ | - | - | - |
| SLV | $67.95 ▲ | 47.72 | 28.4 | $56.48 | Bullish | 0.60 |
Macro Fundamentals
- 10Y Yield: 4.31% ▼
- Yield Curve (10Y-3M): 0.72 ▼ (Normal)
- DXY: 98.92 ▲
- Growth vs Value: 0.90 ▲
- Risk Appetite (XLY/XLP): 1.33 ▼ (Defensive)
Volatility Structure
- MOVE Index (Bond Vol): 78.74
- VIX/MOVE Ratio: 0.27 ▲ (Equity Vol Elevated vs Rates)
- 0DTE Call Volume: 481,695 ▲
- 0DTE Put Volume: 630,707 ▲
- 0DTE Put/Call Ratio: 1.31 ▲ (Heavy 0DTE Put Buying (Hedging) ◆)
Credit Conditions
- HY OAS Spread: 2.94% (Benign)
- BBB Spread: 1.05%
- 2s10s Spread: 0.50% (Normal (Steepening))
Market Breadth (S&P 500)
- Stocks Above 50-Day SMA: 47.0% (of 474)
- Stocks Above 200-Day SMA: 55.0%
- Breadth Signal: Mixed
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: ~$4,414B ▲ (USD approx)
- Global Net Liquidity (Fed+ECB+BOJ): $16,897B ◆
- BTC-USD: $70,669 ▼ (Neutral)
Dark Pool Activity
- DIX (Dark Index): 0.455
- GEX (Gamma Exposure): 5.35B
- Signal: Strong Dark Pool Buying
Seasonality (April)
- 20yr Average Return: +2.11%
- 20yr Median Return: +1.57%
- Win Rate (% Years Positive): 80%
- Signal: Historically Bullish
EPS Revisions (Watchlist)
- AAPL: $1.94 (-0.8% vs 30d)
- MSFT: $4.09 (+0.0% vs 30d)
- NVDA: $1.78 (-0.2% vs 30d)
- GOOGL: $2.60 (+0.0% vs 30d)
- AMZN: $1.65 (+0.2% vs 30d)
- META: $6.61 (+0.2% vs 30d)
- TSLA: $0.39 (-3.9% vs 30d)
- WMT: $0.66 (-0.1% vs 30d)
- JPM: $5.49 (-0.1% vs 30d)
- GS: $16.35 (+3.9% vs 30d)
Upcoming Major Earnings
- GS: 2026-04-13
- JPM: 2026-04-14
- TSLA: 2026-04-22
- MSFT: 2026-04-29
- GOOGL: 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: 21.0 (Period: 2026-02-01)
Upcoming Economic Calendar (Next 30 Days):
- Consumer Price Index (CPI): 2026-04-10
- Producer Price Index (PPI): 2026-04-14
- Industrial Production: 2026-04-16
FX News Wire
Unread articles (7):
[1] United States Wholesale Inventories above expectations (-0.2%) in February: Actual (0.8%) URL: https://www.fxstreet.com/news/united-states-wholesale-inventories-above-expectations-02-in-february-actual-08-202604091400 Published: Thu, 09 Apr 2026 14:00:13 Z
[2] US: Labor data volatility clouds Fed path – Commerzbank URL: https://www.fxstreet.com/news/us-labor-data-volatility-clouds-fed-path-commerzbank-202604091352 Published: Thu, 09 Apr 2026 13:52:58 Z
[3] Copper: Hoarding signals crunch risk – TD Securities URL: https://www.fxstreet.com/news/copper-hoarding-signals-crunch-risk-td-securities-202604091336 Published: Thu, 09 Apr 2026 13:36:19 Z
[4] USD/JPY: BoJ stance and weak Japan confidence – BNY URL: https://www.fxstreet.com/news/usd-jpy-boj-stance-and-weak-japan-confidence-bny-202604091324 Published: Thu, 09 Apr 2026 13:24:41 Z
[5] Gold steadies as US-Iran ceasefire doubts keeps markets cautious; US data offers mixed signals URL: https://www.fxstreet.com/news/gold-holds-firm-as-us-iran-ceasefire-doubts-and-us-data-loom-202604091209 Published: Thu, 09 Apr 2026 13:17:53 Z
[6] EUR/GBP Price Forecast: Holds above key SMAs within wedge pattern URL: https://www.fxstreet.com/news/eur-gbp-price-forecast-holds-above-key-smas-within-wedge-pattern-202604091305 Published: Thu, 09 Apr 2026 13:05:19 Z
[7] USD: Recovery relies on risk aversion – MUFG URL: https://www.fxstreet.com/news/usd-recovery-relies-on-risk-aversion-mufg-202604091304 Published: Thu, 09 Apr 2026 13:04:49 Z
Iran War News
Updates (1):
[1] Photo shows children behind machine gun on military vehicle in Iran's Qom Time: 2026-04-09T14:02:35.296Z
Hormuz Strait Status
Hormuz Strait: no change since last report.
Strait of Hormuz Dashboard:
- Ships Transiting: Near zero (normal: ~60/day)
- Stranded Vessels: 150+ ships including tankers, bulk carriers, and other commercial vessels
- Oil Prices: Brent crude surging due to supply disruption
- War Risk Insurance: Premiums at extreme levels, over 16x normal rates
- Throughput: Under 2% of normal daily deadweight tonnage
- Global Impact: 21% of world oil supply at risk; 25% of global LNG trade at risk; est. $4 billion/day economic cost
- Shipping: +14 days via Cape reroute; tanker rates tripled