Monday, September 11, 2023

Tuesday Watch

Night Trading 

  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 121.0 -1.0 basis point. 
  • China Sovereign CDS 71.75 -.25 basis point.
  • China Iron Ore Spot 117.6 USD/Metric Tonne +.21%.
  • Bloomberg Emerging Markets Currency Index 42.3 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 73.5 +1.9%. 
  • Bloomberg US Financial Conditions Index 46.0 -2.0 basis points.
  • Volatility Index(VIX) futures 15.9 +.44%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.12%.
  • NASDAQ 100 futures -.12%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by consumer 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 75% net long heading into the day.

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