Monday, February 23, 2026

Tuesday Watch

Night Trading 

  • Asian equity indices are -1.0% to +1.0% on average. 
  • Asia Ex-Japan Investment Grade CDS Index 66.75 -.25 basis point.
  • China Sovereign CDS 42.75 -.5 basis point.
  • China Iron Ore Spot 96.1 USD/Metric Tonne +.3%. 
  • Gold 5,196.2 USD/t oz. -.56%. 
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.89 +.01%.
  • Bloomberg Emerging Markets Currency Index 36.2 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 97.9 +.5%.
  • US 10-Year Yield 4.04% +1.0 basis point.
  • Japan 30-Year Yield 3.32% -2.0 basis points. 
  • Volatility Index(VIX) futures 21.1 +.01%.
  • Euro Stoxx 50 futures +.11%. 
  • S&P 500 futures +.13%.
  • NASDAQ 100 futures +.21%.
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 modesty higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

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