Sunday, May 07, 2023

Monday Watch

Today's Headlines

Bloomberg:
Zero Hedge: 
Wall Street Journal:
Barron's:
  • Had bullish commentary on (CARR), (QRVO) and (TT).
  • Had bearish commentary on (DIS) and (BLK).
CNBC:
MarketWatch.com:
NewsMax:
Fox News:
TheGatewayPundit.com: 
The Epoch Times:
Twitter:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are +.5% to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 135.25 -1.25 basis points
  • China Sovereign CDS 75.25 -2.75 basis points.
  • China Iron Ore Spot 99.4 USD/Metric Tonne +.59%
  • Bloomberg Emerging Markets Currency Index 47.9 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 54.4 +.06%.
  • Bloomberg US Financial Conditions Index .01 +1.0 basis point. 
  • Volatility Index(VIX) futures 21.4 +.06%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.02%.
  • NASDAQ 100 futures unch.

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

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