Top 5 Charts of the Day – April 7th 2021

Citigroup Inc.’s earnings revision index for #Europe (excluding the U.K.) indicates profit upgrades are outpacing downgrades by the most since 2010, ahead of the reporting season – Bloomberg pic.twitter.com/vNTPFx4rtn

— Christophe Barraud (@C_Barraud) April 7, 2021

Europe’s benchmark stock index has finally made up its losses from the pandemic. But the continent still doesn’t look poised for outperformance though. (h/t @kitjuckes @AndrewLapthorne @markopapic) https://t.co/r6rJ4CUp5Z via @bopinion pic.twitter.com/sE1B0gXoV6

— John Authers (@johnauthers) April 7, 2021

India’s 7-day average of new confirmed virus cases just breached 90,000. Looks like it’s now surpassed last September’s peak. pic.twitter.com/1SRfymo74Y

— David Ingles (@DavidInglesTV) April 7, 2021

Options activity remains extremely pessimistic.

US Net Options Volume is among the 5% most negative in 30 years and turning UP.

Green dots mark prior signals – most led to bottoms or uptrend continuation.

This is a “wall of worry” in full force – not even close to complacency. pic.twitter.com/JOqvAKLoKa

— Macro Charts (@MacroCharts) April 7, 2021

This recovery, characterized by unprecedented fiscal #stimulus, is so much different from the one after the Great Financial Crisis. This matters for your investment portfolio. #realassets #commodities ht @TheStalwart pic.twitter.com/mbCH7bLZns

— jeroen blokland (@jsblokland) April 7, 2021