Tuesday, February 20, 2024

Wednesday Watch

X:

Night Trading 
  • Asian equity indices are -.5% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.5 -1.25 basis points.
  • China Sovereign CDS 65.5 +1.0 basis point.
  • China Iron Ore Spot 119.7 USD/Metric Tonne -.9%.
  • Bloomberg Emerging Markets Currency Index 40.3 -.1%.
  • Bloomberg Global Risk-On/Risk Off Index 71.6 +.5%.
  • Volatility Index(VIX) futures 15.6 +.2%.
  • Euro Stoxx 50 futures -.06%
  • S&P 500 futures -.17%.
  • NASDAQ 100 futures -.32%.  
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 lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

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