Tuesday, February 13, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -1.25% to -.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 102.5 +2.25 basis points.
  • China Sovereign CDS 65.5 +.75 basis point.
  • China Iron Ore Spot 127.3 USD/Metric Tonne -1.0%.
  • Bloomberg Emerging Markets Currency Index 40.3 -.06%.
  • Bloomberg Global Risk-On/Risk Off Index 59.2 +5.0%.
  • Volatility Index(VIX) futures 15.8 -1.7%.
  • Euro Stoxx 50 futures -.23%
  • S&P 500 futures +.02%.
  • NASDAQ 100 futures +.03%.  
Morning Preview Links

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

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