Tuesday, October 10, 2023

Wednesday Watch

Night Trading 

  • Asian equity indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 127.75 -4.75 basis points
  • China Sovereign CDS 82.75 -7.0 basis points.
  • China Iron Ore Spot 111.5 USD/Metric Tonne +.65%.
  • Bloomberg Emerging Markets Currency Index 41.29 +.02%
  • Bloomberg Global Risk-On/Risk Off Index 72.4 +1.3%. 
  • Bloomberg US Financial Conditions Index .01 +5.0 basis points.
  • Volatility Index(VIX) futures 17.7 +.53%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.06%.
  • NASDAQ 100 futures +.15%.  
Morning Preview Links

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

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