Thursday, October 26, 2023

Friday Watch

Night Trading 

  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 138.75 +2.25 basis points.
  • China Sovereign CDS 84.25 +.5 basis point.
  • China Iron Ore Spot 116.2 USD/Metric Tonne -.77%.
  • Bloomberg Emerging Markets Currency Index 41.22 +.01%
  • Bloomberg Global Risk-On/Risk Off Index 66.3 +2.60%. 
  • Bloomberg US Financial Conditions Index -.30 +1.0 basis point.
  • Volatility Index(VIX) futures 20.2 -1.9%.
  • Euro Stoxx 50 futures +.07%.
  • S&P 500 futures +.41%.
  • NASDAQ 100 futures +.61%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and commodity 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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