Tuesday, August 15, 2023

Wednesday Watch

Evening Headlines

Bloomberg:

Zero Hedge:

Wall Street Journal:
Fox News:
TheGatewayPundit.com:
Twitter: 
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -1.25% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 120.25 +9.25 basis points. 
  • China Sovereign CDS 79.0 +6.0 basis points.
  • China Iron Ore Spot 100.2 USD/Metric Tonne -.7%.
  • Bloomberg Emerging Markets Currency Index 42.28 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 70.9 -.2%. 
  • Bloomberg US Financial Conditions Index .17 -12.0 basis points.
  • Volatility Index(VIX) futures 17.8 +.6%.
  • Euro Stoxx 50 futures -.26%.
  • S&P 500 futures +.03%.
  • NASDAQ 100 futures +.11%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and commodity 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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