⭐️ Fink: Bitcoin may replace dollar due to debt — April 13, 2025

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The Markets:

📉 Fear & Greed Index: 11/100

🔴🔴🔴🔴🔴 — Extreme Fear based on VIX

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.

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Market Indices

Summary: North American markets led the charge today—with the S&P/TSX and Nasdaq posting healthy gains—while several European indices and the volatility gauge lagged or dipped. Global investors are enjoying mixed results, with some indices barely budging and others surging ahead.

• 🟢 S&P/TSX: 23,587.80 (High: 23,644.96 | Low: 23,038.65) | Change: +572.93 (+2.49%) – 11/04

• 🟢 Nasdaq: 16,724.46 (High: 16,753.41 | Low: 16,228.04) | Change: +337.14 (+2.06%) – 11/04

• 🟢 S&P 500: 5,363.36 (High: 5,381.46 | Low: 5,220.77) | Change: +95.31 (+1.81%) – 11/04

• 🟢 Small Cap 2000: 1,860.20 (High: 1,860.85 | Low: 1,802.23) | Change: +28.81 (+1.57%) – 11/04

• 🟢 Dow Jones: 40,212.71 (High: 40,404.27 | Low: 39,255.21) | Change: +619.05 (+1.56%) – 11/04

• 🟢 MSCI World: 3,471.27 (High: 3,478.01 | Low: 3,403.54) | Change: +49.36 (+1.44%) – 11/04

• 🟢 Bovespa: 127,682 (High: 128,386 | Low: 126,078) | Change: +1,328 (+1.05%) – 11/04

• 🟢 FTSE 100: 7,964.18 (High: 8,000.78 | Low: 7,862.72) | Change: +50.93 (+0.64%) – 11/04

• ⚪ S&P/BMV IPC: 51,498.90 (High: 52,138.64 | Low: 51,437.42) | Change: -15.92 (-0.03%) – 11/04

• 🔴 CAC 40: 7,104.80 (High: 7,204.60 | Low: 7,007.63) | Change: -21.22 (-0.30%) – 11/04

• 🔴 Euro Stoxx 50: 4,787.23 (High: 4,870.97 | Low: 4,728.53) | Change: -31.69 (-0.66%) – 11/04

• 🔴 DAX: 20,374.10 (High: 20,796.45 | Low: 20,114.54) | Change: -188.63 (-0.92%) – 11/04

• 🔴 S&P 500 VIX: 37.56 (High: 46.12 | Low: 36.85) | Change: -3.16 (-7.76%) – 11/04

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Forex & Bonds

Summary: Currencies and treasury yields kept the pace with modest moves today, as bond yields climbed noticeably while forex pairs experienced small fluctuations. It’s a mixed bag where cautious traders might prefer bonds over the forex rollercoaster.

Forex Moves:

• 🟢 EUR/USD: 1.1359 | Change: +0.0160 (+1.43%)

• 🟢 GBP/USD: 1.3083 | Change: +0.0116 (+0.89%)

• 🔴 USD/JPY: 143.44 | Change: -0.99 (-0.68%)

• 🔴 BTC/USD: 84670.00 | Change: -697.40 (-0.82%)

Bond Yields:

• 🟢 5-Year Treasury: 4.16 | Change: +0.122 (+3.02%)

• 🟢 10-Year Treasury: 4.493 | Change: +0.099 (+2.25%)

• 🟢 30-Year Treasury: 4.877 | Change: +0.028 (+0.58%)

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Major News

Summary: Standout performers in today’s individual stock action were heavy hitters like NEM and AVGO, while many blue-chip names maintained steady gains. A few stocks—most notably TSLA, META, and WFC—lagged behind, reminding us that not every tech darling is immune to a bit of market reality.

• 🟢 NEM | Change: +7.91%

• 🟢 AVGO | Change: +5.59%

• 🟢 AAPL | Change: +4.06%

• 🟢 JPM | Change: +4.00%

• 🟢 NVDA | Change: +3.12%

• 🟢 GOOGL | Change: +2.83%

• 🟢 GOOG | Change: +2.59%

• 🟢 BLK | Change: +2.33%

• 🟢 AMZN | Change: +2.01%

• 🟢 MSFT | Change: +1.86%

• 🟢 QQQ | Change: +1.84%

• 🟢 SPY | Change: +1.78%

• 🟢 MS | Change: +1.44%

• ⚪ TSLA | Change: -0.04%

• 🔴 META | Change: -0.50%

• 🔴 WFC | Change: -0.95%

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