Thursday, July 11, 2024

Friday Watch

Night Trading 

  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 91.0 -1.0 basis point.
  • China Sovereign CDS 56.25 -1.25 basis points.
  • China Iron Ore Spot 107.2 USD/Metric Tonne -.7%.
  • Bloomberg Emerging Markets Currency Index 39.3 -.14%.
  • Bloomberg Global Risk-On/Risk Off Index 60.3 +2.2%.
  • Volatility Index(VIX) futures 14.2 +.02%.
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.02%.
  • NASDAQ 100 futures -.04%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and consumer 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.

1 comment:

Anonymous said...

Thank You. You were missed.