Monday, December 23, 2024

Tuesday Watch

Night Trading 

  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 77.0 +.25 basis point.
  • China Sovereign CDS 65.0 unch.
  • China Iron Ore Spot 100.2 USD/Metric Tonne -1.1%
  • Bloomberg Emerging Markets Currency Index 37.1 -.05%.
  • Bloomberg Global Risk-On/Risk Off Index 69.1 +.3%.
  • Volatility Index(VIX) futures 17.0 -.2%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.04%.
  • NASDAQ 100 futures -.11%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open mixed and to rally into the close, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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