Sunday, April 19, 2026

Monday Watch

Night Trading

  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 73.5 +.25 basis point.
  • China Sovereign CDS 43.0 -.5 basis point.
  • China Iron Ore Spot 105.7 USD/Metric Tonne -.09%.
  • Crude Oil 88.51/bbl. +5.6%
  • Gold 4,828.2 USD/t oz. -1.1% 
  • Swiss Franc/Offshore Chinese Renminbi Cross 8.72 +.23%. 
  • Bloomberg Emerging Markets Currency Index 35.78 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 112.6 +.65%.
  • US 10-Year Yield 4.26% +2.0 basis points. 
  • Japan 30-Year Yield 3.60% -3.0 basis points. 
  • Volatility Index(VIX) futures 20.8 +2.4%. 
  • Euro Stoxx 50 futures -1.1%.
  • S&P 500 futures -.55%.
  • NASDAQ 100 futures -.48%.

BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and technology 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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