Jack’s note:
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The Markets:
📉 Fear & Greed Index: 25/100
🔴🔴🔴🔴🔴 — Extreme Fear based on VIX (but the moods are lifting slightly)
(It’s best to trade when the index is neutral—right in the middle.)
The calculation is based on VIX:
σ² = (2 / T) * Σ[ΔK * (K^(-2)) * e^(RT) * Q(K)] - (1 / T) * [(F / K0) - 1]²
Where:
- T is the time to expiration in years.
- ΔK is the interval between strike prices.
- K is the strike price of the option.
- R is the risk-free interest rate.
- Q(K) is the midpoint of the bid-ask spread for each option with strike K.
- F is the forward index level derived from index option prices.
- K0 is the first strike below the forward index level F.
📈 Market Indices (22/04)
Global equities surged on Wednesday, with major benchmarks jumping between +1.10% and +2.71% as risk appetite returned and volatility plummeted. The S&P 500 VIX tumbled, underscoring investors’ growing confidence.
🟢 Nasdaq: 16,300.42 (High: 16,410.56 | Low: 16,038.73 | +429.52 | +2.71%)
🟢 Dow Jones: 39,186.98 (High: 39,272.03 | Low: 38,516.23 | +1,016.57 | +2.66%)
🟢 Small Cap 2000: 1,889.05 (High: 1,894.16 | Low: 1,859.73 | +48.73 | +2.65%)
🟢 S&P 500: 5,287.76 (High: 5,309.61 | Low: 5,207.67 | +129.56 | +2.51%)
🔴 S&P 500 VIX: 28.01 (High: 28.76 | Low: 27.94 | –2.56 | –8.37%)
🟢 DAX: 21,812.81 (High: 21,977.14 | Low: 21,717.56 | +534.13 | +2.51%)
🟢 CAC 40: 7,475.13 (High: 7,506.36 | Low: 7,403.93 | +148.66 | +2.03%)
🟢 Euro Stoxx 50: 5,077.65 (High: 5,097.05 | Low: 5,043.25 | +116.20 | +2.34%)
🟢 FTSE 100: 8,419.88 (High: 8,468.11 | Low: 8,404.35 | +91.28 | +1.10%)
🟢 S&P/TSX: 24,305.98 (High: 24,404.66 | Low: 24,115.30 | +297.12 | +1.24%)
🟢 Bovespa: 130,464 (High: 130,877 | Low: 128,726 | +814 | +0.63%)
⚪ S&P/BMV IPC: 54,777.84 (High: 54,833.67 | Low: 53,665.03 | 0.00 | 0.00%)
🟢 MSCI World: 3,498.42 (High: 3,502.75 | Low: 3,479.31 | +10.43 | +0.30%)
💱 Forex & Bonds
A stronger dollar weighed on EUR and GBP, while Japanese yen saw modest gains. U.S. Treasury yields retraced across the curve as bonds rallied on safe-haven inflows.
🔴 EUR/USD: 1.1408 (–0.0011 | –0.10%)
🔴 GBP/USD: 1.3305 (–0.0024 | –0.18%)
🟢 USD/JPY: 141.72 (+0.13 | +0.09%)
🟢 BTC/USD: 93,651.90 (+515.90 | +0.55%)
🔴 5-Year Treasury: 3.933 (–0.044 | –1.11%)
🔴 10-Year Treasury: 4.288 (–0.101 | –2.30%)
🔴 30-Year Treasury: 4.736 (–0.143 | –2.93%)
🚀 Top Movers
Tech and growth-oriented names led today’s rally, with Tesla powering ahead more than 4%, while defensive staples lagged.
🟢 TSLA: +4.60%
🟢 ARKK: +3.78%
🟢 INTC: +3.56%
🟢 AMZN: +3.50%
🟢 AAPL: +3.41%
🟢 MAGS: +3.29%
🟢 META: +3.22%
🟢 GOOG: +2.70%
🟢 QQQ: +2.63%
🟢 SPY: +2.60%
🟢 GOOGL: +2.57%
🟢 T: +2.39%
🟢 NVDA: +2.04%
🟢 BA: +2.00%
🟢 SAP: +0.74%
🟢 VZ: +0.61%
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