Tuesday, August 29, 2023

Wednesday Watch

Evening Headlines

Bloomberg:

Zero Hedge:

CNBC.com:
Newsmax:
TheGatewayPundit.com:
Twitter: 
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.25% to +.775% on average.
  • Asia Ex-Japan Investment Grade CDS Index 130.25 -1.75 basis points. 
  • China Sovereign CDS 76.75 -4.5 basis points.
  • China Iron Ore Spot 111.1 USD/Metric Tonne +.8%.
  • Bloomberg Emerging Markets Currency Index 42.9 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 70.4 +.95%. 
  • Bloomberg US Financial Conditions Index 28.0 +1.0 basis point.
  • Volatility Index(VIX) futures 15.9 -.14%.
  • Euro Stoxx 50 futures +.32%.
  • S&P 500 futures +.07%.
  • NASDAQ 100 futures +.17%.  
Morning Preview Links

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

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