Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 118.25 +2.25 basis points.
- China Sovereign CDS 63.0 +1.75 basis points.
- China Iron Ore Spot 109.3 USD/Metric Tonne +1.3%.
- Bloomberg Emerging Markets Currency Index 45.2 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 61.8 +.6%.
- Bloomberg US Financial Conditions Index .10 -8.0 basis points.
- Volatility Index(VIX) futures 17.6 +.6%.
- Euro Stoxx 50 futures -.16%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures +.02%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by tech and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
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