Tuesday, January 21, 2025

Wednesday Watch

Night Trading 

  • Asian equity indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 74.5 -2.75 basis points.
  • China Sovereign CDS 56.25 -1.0 basis point.
  • China Iron Ore Spot 103.9 USD/Metric Tonne -.8%
  • Bloomberg Emerging Markets Currency Index 37.0 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 73.5 +.8%.
  • Volatility Index(VIX) futures 16.5 -.2%.
  • Euro Stoxx 50 futures +.27%.
  • S&P 500 futures +.25%.
  • NASDAQ 100 futures +.57%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 100% net long heading into the day.

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