As the New York market opens, the S&P 500 index is projected to experience a slight loss of 0.01%, despite futures indicating an increase of 0.94% since the previous close. This follows a trend where the S&P has underperformed compared to global assets correlated to risk sentiment, with a cumulative underperformance of 1.41% over the past 20 days. Notably, the most bullish signal comes from Rates, showing an increase of 0.21%, while Global Equities present the least bullish signal at a decrease of 0.10%. Additionally, the Russell 2000 index is lagging behind the S&P 500 year-to-date, which could mark the fifth consecutive year of underperformance if this trend continues, a situation not seen since 1994-1998. The S&P 500's performance continues to be closely monitored as market participants seek insights into potential stock picks for April.