Monday, October 23, 2023

Tuesday Watch

Night Trading 

  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 136.25 -1.25 basis points.
  • China Sovereign CDS 85.75 -1.25 basis points.
  • China Iron Ore Spot 111.9 USD/Metric Tonne -.73%.
  • Bloomberg Emerging Markets Currency Index 41.27 +.06%
  • Bloomberg Global Risk-On/Risk Off Index 66.5 +1.1%. 
  • Bloomberg US Financial Conditions Index -.29 -8.0 basis points.
  • Volatility Index(VIX) futures 19.9 -.5%.
  • Euro Stoxx 50 futures -.35%.
  • S&P 500 futures +.18%.
  • NASDAQ 100 futures +.19%.  
Morning Preview Links

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

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