Monday, January 06, 2025

Tuesday Watch

Night Trading 

  • Asian equity indices are -.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 77.75 +.75 basis point.
  • China Sovereign CDS 63.5 -.25 basis point.
  • China Iron Ore Spot 96.7 USD/Metric Tonne +.06%
  • Bloomberg Emerging Markets Currency Index 36.9 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 72.2 +1.3%.
  • Volatility Index(VIX) futures 17.4 +.3%.
  • Euro Stoxx 50 futures -.46%.
  • S&P 500 futures -.01%.
  • NASDAQ 100 futures +.03%.  
Morning Preview Links

BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer 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 day.

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