Sunday, March 12, 2023

Monday Watch

Posted by Gary .....at 11:46 PM

Night Trading

  • Asian indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 125.25 +2.0 basis points.
  • China Sovereign CDS 71.25 -2.5 basis points.
  • China Iron Ore Spot 131.7 USD/Metric Tonne +2.2%.
  • Bloomberg Emerging Markets Currency Index 47.7 +.35%.
  • Bloomberg Global Risk-On/Risk Off Index 53.3 -3.2%.
  • Bloomberg US Financial Conditions Index -.54 -38.0 basis points. 
  • Volatility Index(VIX) futures 23.2 -6.6%. 
  • Euro Stoxx 50 futures +.4%.
  • S&P 500 futures +1.69%.
  • NASDAQ 100 futures +1.75%.

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and consumer shares in the region. I expect US stocks to open higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

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