Tuesday, July 30, 2024

Wednesday Watch

Night Trading 

  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 96.5 +.25 basis point.
  • China Sovereign CDS 65.25 +.25 basis point.
  • China Iron Ore Spot 100.1 USD/Metric Tonne +1.0%
  • Bloomberg Emerging Markets Currency Index 39.0 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 51.3 +2.7%.
  • Volatility Index(VIX) futures 16.4 -.8%.
  • Euro Stoxx 50 futures unch.
  • S&P 500 futures +.12%.
  • NASDAQ 100 futures +.55%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly lower, weighed down by healthcare and financial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the day.

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