- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 112.75 -.25 basis point.
- China Sovereign CDS 61.25 +.25 basis point.
- China Iron Ore Spot 112.4 USD/Metric Tonne -.86%.
- Bloomberg Emerging Markets Currency Index 45.4 +.15%.
- Bloomberg Global Risk-On/Risk Off Index 64.7 +1.4%.
- Bloomberg US Financial Conditions Index .09 -1.0 basis point.
- Volatility Index(VIX) futures 17.1 +.07%.
- Euro Stoxx 50 futures -.11%.
- S&P 500 futures -.24%%.
- NASDAQ 100 futures -.36%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and healthcare shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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