Monday, December 25, 2023

Tuesday Watch

Posted by Gary .....at 7:59 PM

Night Trading

  • Asian indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 90.5 -.25 basis point.
  • China Sovereign CDS 59.75 +.5 basis point.
  • China Iron Ore Spot 138.4 USD/Metric Tonne -.07%.
  • Bloomberg Emerging Markets Currency Index 41.72 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 56.7 +1.8%.
  • Bloomberg US Financial Conditions Index n/a. 
  • Volatility Index(VIX) futures 15.1 +.1%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.07%.
  • NASDAQ 100 futures +.12%.

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

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