Sunday, June 04, 2023

Monday Watch

Posted by Gary .....at 9:41 PM

Night Trading

  • Asian indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 116.75 -5.25 basis points
  • China Sovereign CDS 60.75 -4.25 basis points.
  • China Iron Ore Spot 104.6 USD/Metric Tonne +.6%
  • Bloomberg Emerging Markets Currency Index 46.3 -.27%.
  • Bloomberg Global Risk-On/Risk Off Index 58.6 +1.6%.
  • Bloomberg US Financial Conditions Index .18 -1.0 basis point. 
  • Volatility Index(VIX) futures 18.9 +.5%. 
  • Euro Stoxx 50 futures -.02%.
  • S&P 500 futures -.04%.
  • NASDAQ 100 futures -.27%.

BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the week.

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