Tuesday, February 21, 2023

Wednesday Watch

Evening Headlines

Bloomberg:        

Fox News:
CNBC.com:
MarketWatch:               
Zero Hedge:
Twitter: 
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -1.5% to -.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 123.75 +7.75 basis points. 
  • China Sovereign CDS 74.0 +7.5 basis points. 
  • China Iron Ore Spot 130.3 USD/Metric Tonne -.73%.
  • Bloomberg Emerging Markets Currency Index 47.6 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index  60.6 +.07%. 
  • Bloomberg US Financial Conditions Index .13 -11.0 basis points.
  • Volatility Index(VIX) futures 22.9 -.22%.
  • Euro Stoxx 50 futures -.14%.
  • S&P 500 futures +.17%.
  • NASDAQ 100 futures +.21%.  
Morning Preview Links

BOTTOM LINE: Asian indices are modestly lower, weighed down by tech and consumer shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 25% net long heading into the day.

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