Wednesday, June 25, 2025

Thursday Watch

Around X:

  • @Business
  • @ZeroHedge 
  • @TheTranscript 
  • $MU CEO on Data Centers: "Data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth".
  • Micron CEO: "We are on track to deliver record revenue with solid profitability and FCF in fiscal 2025..." $MU: +4% AH.
  • @amuse 
  • @kylenabecker
  • @disclosetv
Night Trading 
  • Asian equity indices are -.5% to +.5% on average. 
  • Asia Ex-Japan Investment Grade CDS Index 76.5 +1.0 basis point. 
  • China Sovereign CDS 51.25 +1.5 basis points.
  • China Iron Ore Spot 92.6 USD/Metric Tonne -.15%.
  • Polymarket: Another US military action against Iran by 6/30 2.0% -5.0 percentage points
  • Polymarket: Will Iran Close the Straight of Hormuz in 2025? 17.0% +1.0 percentage point
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.91 +.02%.
  • Bloomberg Emerging Markets Currency Index 37.07 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 72.32 +.26%.
  • US 10-Year Yield 4.27% -2.0 basis points.
  • Volatility Index(VIX) futures 19.1 +.43%.
  • Euro Stoxx 50 futures -.02%. 
  • S&P 500 futures unch. 
  • NASDAQ 100 futures +.05%.
Morning Preview Links

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

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