Thursday, November 30, 2023

Friday Watch

Night Trading 

  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 98.75 +.5 basis point.
  • China Sovereign CDS 59.5 +2.0 basis points.
  • China Iron Ore Spot 130.0 USD/Metric Tonne +.32%.
  • Bloomberg Emerging Markets Currency Index 41.7 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 63.9 +2.8%.
  • Bloomberg US Financial Conditions Index .52 +6.0 basis points.
  • Volatility Index(VIX) futures 13.8 +.31%.
  • Euro Stoxx 50 futures +.18%.
  • S&P 500 futures -.08%.
  • NASDAQ 100 futures -.17%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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