Wednesday, November 13, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 71.75 +.25 basis point.
  • China Sovereign CDS 62.75 unch.
  • China Iron Ore Spot 100.4 USD/Metric Tonne -.2%
  • Bloomberg Emerging Markets Currency Index 37.7 -.05%.
  • Bloomberg Global Risk-On/Risk Off Index 70.7 +1.6%.
  • Volatility Index(VIX) futures 15.5 -.06%.
  • Euro Stoxx 50 futures +.17%
  • S&P 500 futures -.02%.
  • NASDAQ 100 futures -.09%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down 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 75% net long heading into the day.

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