Night Trading
- Asian equity indices are -1.0% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 123.0 +.25 basis point.
- China Sovereign CDS 76.75 +2.75 basis points.
- China Iron Ore Spot 121.3 USD/Metric Tonne -.44%.
- Bloomberg Emerging Markets Currency Index 42.3 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 72.4 +.04%.
- Bloomberg US Financial Conditions Index 47.0 +1.0 basis point.
- Volatility Index(VIX) futures 16.2 +.2%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures -.09%.
- NASDAQ 100 futures -.16%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by technology 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 25% net long heading into the day.
1 comment:
Thanks for taking the time to write this blog
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