Night Trading
- Asian equity indices are +.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 104.5 -1.5 basis points.
- China Sovereign CDS 58.0 -.25 basis point.
- China Iron Ore Spot 112.5 USD/Metric Tonne -.65%.
- Bloomberg Emerging Markets Currency Index 43.4 +.07%.
- Bloomberg Global Risk-On/Risk Off Index 67.2 +.06%.
- Bloomberg US Financial Conditions Index .46 -2.0 basis points.
- Volatility Index(VIX) futures 14.9 +.08%.
- Euro Stoxx 50 futures +.27%.
- S&P 500 futures +.17%.
- NASDAQ 100 futures +.46%.
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing modestly mixed. The Portfolio is 75% net long heading into the day.
1 comment:
Thanks for writinng
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