Monday, December 04, 2023

Tuesday Watch

Night Trading 

  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 97.75 +.5 basis point.
  • China Sovereign CDS 59.5 +2.5 basis point2.
  • China Iron Ore Spot 128.6 USD/Metric Tonne -.22%.
  • Bloomberg Emerging Markets Currency Index 41.6 unch.
  • Bloomberg Global Risk-On/Risk Off Index 62.3 +3.7%.
  • Bloomberg US Financial Conditions Index .46 -5.0 basis points.
  • Volatility Index(VIX) futures 15.6 +.5%.
  • Euro Stoxx 50 futures +.09%.
  • S&P 500 futures -.16%.
  • NASDAQ 100 futures -.15%.  
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 modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the day.

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