Tuesday, April 23, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are +.75% to +1.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 112.25 unch.
  • China Sovereign CDS 70.0 unch.
  • China Iron Ore Spot 114.3 USD/Metric Tonne +1.30%.
  • Bloomberg Emerging Markets Currency Index 39.3 +.03%
  • Bloomberg Global Risk-On/Risk Off Index 68.7 +3.0%.
  • Volatility Index(VIX) futures 15.7 -.9%.
  • Euro Stoxx 50 futures +.16%.
  • S&P 500 futures +.21%.
  • NASDAQ 100 futures +.60%.  
Morning Preview Links

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

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