Monday, February 26, 2024

Tuesday Watch

Night Trading 

  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 96.75 +2.25 basis points.
  • China Sovereign CDS 65.0 +1.5 basis points.
  • China Iron Ore Spot 115.6 USD/Metric Tonne +.2%.
  • Bloomberg Emerging Markets Currency Index 40.1 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 73.2 +2.0%.
  • Volatility Index(VIX) futures 14.3 +.34%.
  • Euro Stoxx 50 futures -.18%
  • S&P 500 futures -.1%.
  • NASDAQ 100 futures -.17%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial 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.

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