Sunday, July 13, 2025

Monday Watch

Around X:

  • @Business 
  • @Zerohedge  
Night Trading
  • Asian indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 73.75 +1.25 basis points.
  • China Sovereign CDS 46.5 +.5 basis point.
  • China Iron Ore Spot 99.4 USD/Metric Tonne +.07%.
  • Polymarket: Which Countries Will the US Agree to Tariff Agreements with Before August?
  • EU 44.0% -3.0 percentage points
  • India 54.0% +7.0 percentage points.
  • Japan 22.0% -7.0 percentage points. 
  • South Korea  30.0% +6.0 percentage points.
  • Swiss Franc/Offshore Chinese Renminbi Cross 9.0 +.1% 
  • Bloomberg Emerging Markets Currency Index 36.88 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 76.6 +.4%.
  • US 10-Year Yield 4.41% -1.0 basis point.
  • Volatility Index(VIX) futures 19.5 +1.3%. 
  • Euro Stoxx 50 futures -.63%.
  • S&P 500 futures -.41%.
  • NASDAQ 100 futures -.41%.

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and consumer discretionary 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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