Tuesday, April 16, 2024

Wednesday Watch

X:

  • @JamesMelville
  • @nickgerli1
  • Airbnb owners next to Disney are selling. And selling fast. With the for sale inventory in the ZIP code south of Disney skyrocketing by 431% the last two years. Now to the highest level of listings on record. By far. Watch out for this Airbnb selloff to spread to more markets as the year goes on. (graph)
  • @Mayhem4Markets
  • @zerohedge
  • @WallStreetApes 
  • @AgentTruthTell3
  • @BGatesIsaPsycho 
  • @FinanceLancelot
  • @BorderHawkNews
  • @NikolovScience
  • @kylenabecker
Night Trading 
  • Asian equity indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 114.5 -.75 basis point.
  • China Sovereign CDS 73.25 -.25 basis point.
  • China Iron Ore Spot 111.1 USD/Metric Tonne +1.6%.
  • Bloomberg Emerging Markets Currency Index 39.1 -.02%
  • Bloomberg Global Risk-On/Risk Off Index 67.9 +1.7%.
  • Volatility Index(VIX) futures 17.5 +.3%.
  • Euro Stoxx 50 futures +.35%.
  • S&P 500 futures +.04%.
  • NASDAQ 100 futures +.09%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 25% net long heading into the day.

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