Monday, May 20, 2024

Tuesday Watch

Night Trading 

  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 90.75 -1.75 basis points.
  • China Sovereign CDS 59.5 unch.
  • China Iron Ore Spot 119.8 USD/Metric Tonne +1.1%.
  • Bloomberg Emerging Markets Currency Index 40.0 unch.
  • Bloomberg Global Risk-On/Risk Off Index 65.9 +.02%.
  • Volatility Index(VIX) futures 13.7 +.5%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.03%.
  • NASDAQ 100 futures -.09%.  
Morning Preview Links

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

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