Night Trading
- Asian equity indices are -.75% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 127.75 unch.
- China Sovereign CDS 72.75 unch.
- China Iron Ore Spot 103.90 USD/Metric Tonne -.01%.
- Bloomberg Emerging Markets Currency Index 47.7 +.01%.
- Bloomberg Global Risk-On/Risk Off Index 57.3 +.6%.
- Bloomberg US Financial Conditions Index -.03 +1.0 basis point.
- Volatility Index(VIX) futures 19.5 +.9%.
- Euro Stoxx 50 futures -.14%.
- S&P 500 futures -.17%.
- NASDAQ 100 futures -.23%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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