Wednesday, January 10, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.75 -2.0 basis points.
  • China Sovereign CDS 63.5 -1.0 basis point.
  • China Iron Ore Spot 132.9 USD/Metric Tonne +.02%.
  • Bloomberg Emerging Markets Currency Index 41.26 +.09%.
  • Bloomberg Global Risk-On/Risk Off Index 59.7 +4.2%.
  • Bloomberg US Financial Conditions Index .84 n/a.
  • Volatility Index(VIX) futures 14.21 -.61%.
  • Euro Stoxx 50 futures +.40%.
  • S&P 500 futures +.14%.
  • NASDAQ 100 futures +.25%.  
Morning Preview Links

BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 100% net long heading into the day.

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