Wednesday, May 22, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 92.75 +1.25 basis points.
  • China Sovereign CDS 61.75 +1.25 basis points.
  • China Iron Ore Spot 121.0 USD/Metric Tonne -1.1%.
  • Bloomberg Emerging Markets Currency Index 39.9 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 65.9 +.9%.
  • Volatility Index(VIX) futures 13.5 -1.1%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.24%.
  • NASDAQ 100 futures +.46%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity and consumer 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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