Wednesday, February 14, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are unch. to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 101.5 -1.0 basis point.
  • China Sovereign CDS 65.0 -.5 basis point.
  • China Iron Ore Spot 128.9 USD/Metric Tonne -.19%.
  • Bloomberg Emerging Markets Currency Index 40.3 -.2%.
  • Bloomberg Global Risk-On/Risk Off Index 59.3 +.6%.
  • Volatility Index(VIX) futures 15.1 -.6%.
  • Euro Stoxx 50 futures +.21%
  • S&P 500 futures -.11%.
  • NASDAQ 100 futures -.17%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology 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.

No comments: