Thursday, August 17, 2023

Friday Watch

Evening Headlines

Bloomberg:

Zero Hedge:

MarketWatch:  
 Fox News:
TheGatewayPundit.com:
The Epoch Times:
BreakingDefense.com - 
  • Shanahan: China Is Deploying Directed Energy Weapons. (April 9th, 2019) SPACE SYMPOSIUM: Acting Defense Secretary Patrick Shanahan on April 9 bluntly asserted that China’s PLA is “deploying directed energy (DE) weapons,” adding that “Russia is doing many of the same things.”  In perhaps the strongest rhetoric yet from a Trump administration official about counterspace threats to US satellite systems, Shanahan said: “Both China and Russia have weaponized space with the intent to hold American space capabilities at risk.”
Twitter:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 129.75 +5.75 basis points. 
  • China Sovereign CDS 79.75 +4.25 basis points.
  • China Iron Ore Spot 106.5 USD/Metric Tonne +.8%.
  • Bloomberg Emerging Markets Currency Index 42.4 +.1%.
  • Bloomberg Global Risk-On/Risk Off Index 71.3 +.97%. 
  • Bloomberg US Financial Conditions Index 7.0 -11.0 basis points.
  • Volatility Index(VIX) futures 18.7 -.8%.
  • Euro Stoxx 50 futures -.02%.
  • S&P 500 futures +.12%.
  • NASDAQ 100 futures +.07%.  
Morning Preview Links

BOTTOM LINE: Asian indices are modestly lower, weighed down by financial and industrial 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 day.

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