Thursday, December 21, 2023

Friday Watch

Night Trading 

  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 90.75 +.25 basis point.
  • China Sovereign CDS 59.25 +.75 basis point.
  • China Iron Ore Spot 138.6 USD/Metric Tonne +.8%.
  • Bloomberg Emerging Markets Currency Index 41.74 unch.
  • Bloomberg Global Risk-On/Risk Off Index 57.7 +4.4%.
  • Bloomberg US Financial Conditions Index n/a.
  • Volatility Index(VIX) futures 15.7 -.%.
  • Euro Stoxx 50 futures +.04%.
  • S&P 500 futures -.15%.
  • NASDAQ 100 futures -.3%.  
Morning Preview Links

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

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