Tuesday, February 14, 2023

Wednesday Watch

Twitter: 
Night Trading 
  • Asian equity indices are -1.25% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 108.0 +2.5 basis point. 
  • China Sovereign CDS 60.25 +1.75 basis points. 
  • China Iron Ore Spot 124.0 USD/Metric Tonne +1.2%.
  • Bloomberg Emerging Markets Currency Index 47.9 -.12%.
  • Bloomberg Global Risk-On/Risk Off Index  62.6 -.43%. 
  • Bloomberg US Financial Conditions Index .36 - basis points.
  • Volatility Index(VIX) futures 20.7 +1.3%.
  • Euro Stoxx 50 futures -.21%.
  • S&P 500 futures -.45%.
  • NASDAQ 100 futures -.56%.  
Morning Preview Links

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

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