Wednesday, July 17, 2024

Thursday Watch

Night Trading 

  • Asian equity indices are -1.75% to -.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 93.75 +1.0 basis point.
  • China Sovereign CDS 62.75 +2.0 basis points.
  • China Iron Ore Spot 105.0 USD/Metric Tonne unch.
  • Bloomberg Emerging Markets Currency Index 39.2 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 56.9 +2.3%.
  • Volatility Index(VIX) futures 14.6 -1.4%.
  • Euro Stoxx 50 futures +.1%.
  • S&P 500 futures +.21%.
  • NASDAQ 100 futures +.33%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

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