Sunday, May 05, 2024

Monday Watch

Today's Headlines

Zero Hedge:
Barron's:
  • Had bullish commentary on (THLLY) and (ADBE).
TheGatewayPundit.com:
The Epoch Times:
X:
  • @elonmusk
  • @BGatesIsaPsycho
  • @libsoftiktok
  • @kylenabecker
  • @StephenM
  • @TomFitton
  • @MarioNawfal
  • @JackPosobiec
  • @wideawake_media
  • @WallStreetApes
  • @stillgray
  • @peterschweizer
  • @amuse
  • @bernardwachir14
OpenVAERS: 
SKirsch.com:
Night Trading
  • Asian indices are +.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 103.5 -4.25 basis points.
  • China Sovereign CDS 63.75 -2.5 basis points.
  • China Iron Ore Spot 117.9 USD/Metric Tonne +.5%.
  • Bloomberg Emerging Markets Currency Index 39.6 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 66.8 +.08%.
  • Volatility Index(VIX) futures 15.1 -.6%. 
  • Euro Stoxx 50 futures +.27%.
  • S&P 500 futures +.06%.
  • NASDAQ 100 futures +.01%.

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

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