Monday, August 26, 2024

Tuesday Watch

Night Trading 

  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 92.0 -1.0 basis point.
  • China Sovereign CDS 57.5 +.24 basis point.
  • China Iron Ore Spot 100.3 USD/Metric Tonne -.1%
  • Bloomberg Emerging Markets Currency Index 39.0 unch.
  • Bloomberg Global Risk-On/Risk Off Index 54.6 +1.7%.
  • Volatility Index(VIX) futures 16.2 +1.3%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.11%.
  • NASDAQ 100 futures -.13%.  
Morning Preview Links

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