Tuesday, March 12, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.5 -.5 basis point.
  • China Sovereign CDS 65.25 -.75 basis point.
  • China Iron Ore Spot 107.3 USD/Metric Tonne -1.8%.
  • Bloomberg Emerging Markets Currency Index 40.0 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 67.0 -.9%.
  • Volatility Index(VIX) futures 15.1 unch.
  • Euro Stoxx 50 futures +.20%
  • S&P 500 futures +.04%.
  • NASDAQ 100 futures +.02%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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