Sunday, November 26, 2023

Monday Watch

Posted by Gary .....at 8:48 PM

Night Trading

  • Asian indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 96.75 -.5 basis point.
  • China Sovereign CDS 60.5 -.25 basis point.
  • China Iron Ore Spot 132.4 USD/Metric Tonne -1.1%.
  • Bloomberg Emerging Markets Currency Index 41.8 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 70.0 +3.9%.
  • Bloomberg US Financial Conditions Index .49 +1.0 basis point. 
  • Volatility Index(VIX) futures 14.0 +1.1%. 
  • Euro Stoxx 50 futures -.14%.
  • S&P 500 futures -.16%.
  • NASDAQ 100 futures -.27%.

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer 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 week.

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