Wednesday, May 15, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are +.5% to +1.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 92.5 -4.25 basis points.
  • China Sovereign CDS 62.0 unch.
  • China Iron Ore Spot 114.4 USD/Metric Tonne +.6%.
  • Bloomberg Emerging Markets Currency Index 39.92 +.08%.
  • Bloomberg Global Risk-On/Risk Off Index 64.3 +.5%.
  • Volatility Index(VIX) futures 13.8 +.17%.
  • Euro Stoxx 50 futures +.14%.
  • S&P 500 futures +.08%.
  • NASDAQ 100 futures +.14%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and healthcare 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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