Sunday, September 17, 2023

Monday Watch

Posted by Gary .....at 9:08 PM

Night Trading

  • Asian indices are -.5% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 115.75 +.5 basis point.
  • China Sovereign CDS 70.0 +.5 basis point.
  • China Iron Ore Spot 120.9 USD/Metric Tonne -1.7%.
  • Bloomberg Emerging Markets Currency Index 42.3 +.03%.
  • Bloomberg Global Risk-On/Risk Off Index 73.15 +.02%.
  • Bloomberg US Financial Conditions Index .50 -1.0 basis point. 
  • Volatility Index(VIX) futures 15.7 -.46%. 
  • Euro Stoxx 50 futures -.09%.
  • S&P 500 futures +.17%.
  • NASDAQ 100 futures +.14%.

BOTTOM LINE: Asian indices are modestly lower, weighed down by consumer and technology shares in the region. I expect US stocks to open mixed and weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)