Sunday, September 29, 2024

Monday Watch

Around X:

  • @elonmusk
  • @BehizyTweets
  • @rawsalerts
  • @TPostMillennial
  • @HannahGoetztv
  • @chuckcallesto
  • @rondeauLivia
  • @nicksortor
  • @DMichaelTripi
  • @MJTruthUltra
  • Biolab Facility up in Flames in Conyers, Georgia. • The initial fire was caused when water from a “malfunctioning sprinkler” came into contact with a water-reactive chemical, leading to a “chemical reaction” and a fire on the roof of the plant. Despite initial containment efforts, the fire reignited, escalating the situation. (video)
  • @GuntherEagleman
  • @KanekoaTheGreat
  • @Kanthan2030
  • @PeterSweden7
  • @FrankLuntz
  • @WallStreetApes
  • @TonySeruga
Night Trading
  • Asian indices are -1.5% to -.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 69.0 unch.
  • China Sovereign CDS 59.25 +.75 basis point.
  • China Iron Ore Spot 110.6 USD/Metric Tonne +8.4%.
  • Bloomberg Emerging Markets Currency Index 39.1 +.03%.
  • Bloomberg Global Risk-On/Risk Off Index 56.2 +.5%.
  • Volatility Index(VIX) futures 19.1 -.8%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.16%.
  • NASDAQ 100 futures +.25%.

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.

No comments: