Thursday, June 27, 2024

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.25 -.75 basis point.
  • China Sovereign CDS 66.75 +.25 basis point.
  • China Iron Ore Spot 105.10 USD/Metric Tonne -.6%.
  • Bloomberg Emerging Markets Currency Index 39.0 -.04%.
  • Bloomberg Global Risk-On/Risk Off Index 59.7 +1.7%.
  • Volatility Index(VIX) futures 13.7 -.4%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.18%.
  • NASDAQ 100 futures +.30%.  
Morning Preview Links

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