Wednesday, March 13, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 98.5 -1.0 basis point.
  • China Sovereign CDS 66.0 +.75 basis point.
  • China Iron Ore Spot 106.5 USD/Metric Tonne +.9%.
  • Bloomberg Emerging Markets Currency Index 40.0 -.06%.
  • Bloomberg Global Risk-On/Risk Off Index 68.4 +.9%.
  • Volatility Index(VIX) futures 15.0 -.24%.
  • Euro Stoxx 50 futures -.1%
  • S&P 500 futures +.07%.
  • NASDAQ 100 futures +.19%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by healthcare and industrial 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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