Sunday, December 01, 2024

Monday Watch

Posted by Gary .....at 8:32 PM

Night Trading

  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 72.75 -.5 basis point.
  • China Sovereign CDS 64.5 -.25 basis point.
  • China Iron Ore Spot 104.3 USD/Metric Tonne +.2%.
  • Bloomberg Emerging Markets Currency Index 37.4 -.1%.
  • Bloomberg Global Risk-On/Risk Off Index 65.3 +4.3%.
  • Volatility Index(VIX) futures 16.0 -.2%. 
  • Euro Stoxx 50 futures -.56%.
  • S&P 500 futures -.12%.
  • NASDAQ 100 futures -.19%.

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology 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 week.

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