Monday, March 06, 2023

Tuesday Watch

Night Trading 

  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 110.0 -2.5 basis points. 
  • China Sovereign CDS 64.75 +2.75 basis points. 
  • China Iron Ore Spot 125.6 USD/Metric Tonne +1.0%.
  • Bloomberg Emerging Markets Currency Index 47.8 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index  67.3 +.5%. 
  • Bloomberg US Financial Conditions Index .25 -6.0 basis points.
  • Volatility Index(VIX) futures 20.3 -.21%.
  • Euro Stoxx 50 futures -.02%.
  • S&P 500 futures +.10%.
  • NASDAQ 100 futures +.15%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

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