Night Trading
- Asian indices are -.25% to +.50% on average.
- Asia Ex-Japan Investment Grade CDS Index 104.0 +1 basis point.
- Asia Pacific Sovereign CDS Index 104.0 +.5 basis point.
- S&P 500 futures -.18%.
- NASDAQ 100 futures -.11%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the week.
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