Wednesday, September 13, 2023

Thursday Watch

Night Trading 

  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 116.0 -2.75 basis points. 
  • China Sovereign CDS 69.75 -2.0 basis points.
  • China Iron Ore Spot 119.4 USD/Metric Tonne -.06%.
  • Bloomberg Emerging Markets Currency Index 42.3 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 72.9 +.7%. 
  • Bloomberg US Financial Conditions Index 50.0 -1.0 basis points.
  • Volatility Index(VIX) futures 15.6 -.4%.
  • Euro Stoxx 50 futures -.19%.
  • S&P 500 futures +.13%.
  • NASDAQ 100 futures +.18%.  
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 modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

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