Monday, April 15, 2024

Tuesday Watch

Night Trading 

  • Asian equity indices are -2.25% to -1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 115.25 +9.25 basis points.
  • China Sovereign CDS 73.5 +3.25 basis points.
  • China Iron Ore Spot 109.4 USD/Metric Tonne -2.5%.
  • Bloomberg Emerging Markets Currency Index 39.62 -.19%
  • Bloomberg Global Risk-On/Risk Off Index 66.7 +.1%.
  • Volatility Index(VIX) futures 18.3 +1.6%.
  • Euro Stoxx 50 futures -1.2%.
  • S&P 500 futures -.08%.
  • NASDAQ 100 futures -.06%.  
Morning Preview Links

BOTTOM LINE: Asian indices are lower, weighed down by financial and technology shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon.  The Portfolio is Market Neutral heading into the day.

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