Tuesday, January 16, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 100.25 +2.5 basis points.
  • China Sovereign CDS 64.0 unch.
  • China Iron Ore Spot 128.2 USD/Metric Tonne -.9%.
  • Bloomberg Emerging Markets Currency Index 40.96 -.05%.
  • Bloomberg Global Risk-On/Risk Off Index 58.3 +.7%.
  • Volatility Index(VIX) futures 14.9 -.9%.
  • Euro Stoxx 50 futures -.36%.
  • S&P 500 futures -.08%.
  • NASDAQ 100 futures -.08%.  
Morning Preview Links

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

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