Tuesday, December 26, 2023

Wednesday Watch

Night Trading 

  • Asian equity indices are unch. to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 90.75 +.25 basis point.
  • China Sovereign CDS 59.75 unch.
  • China Iron Ore Spot 140.1 USD/Metric Tonne -.05%.
  • Bloomberg Emerging Markets Currency Index 41.7 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 57.1 +1.3%.
  • Bloomberg US Financial Conditions Index n/a.
  • Volatility Index(VIX) futures 14.6 -.32%.
  • Euro Stoxx 50 futures +.26%.
  • S&P 500 futures -.02%.
  • NASDAQ 100 futures -.01%.  
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 mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the day.

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