Tuesday, September 10, 2024

Wednesday Watch

Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.0 +1.5 basis points.
  • China Sovereign CDS 61.75 +1.75 basis points.
  • China Iron Ore Spot 90.8 USD/Metric Tonne +.14%
  • Bloomberg Emerging Markets Currency Index 38.7 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 47.9 -.1%.
  • Volatility Index(VIX) futures 19.4 +.08%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures -.06%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the day.

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