Monday, February 27, 2023

Tuesday Watch

Night Trading 

  • Asian equity indices are unch. to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 115.5 -3.25 basis points. 
  • China Sovereign CDS 70.0 -1.75 basis points. 
  • China Iron Ore Spot 123.0 USD/Metric Tonne +1.0%.
  • Bloomberg Emerging Markets Currency Index 47.5 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index  62.9 +.3%. 
  • Bloomberg US Financial Conditions Index .17 -2.0 basis points.
  • Volatility Index(VIX) futures 21.2 -.52%.
  • Euro Stoxx 50 futures +.19%.
  • S&P 500 futures +.20%.
  • NASDAQ 100 futures +.33%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by tech and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

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