Night Trading
- Asian equity indices are -1.25% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 125.75 -1.25 basis points.
- China Sovereign CDS 83.25 +.25 basis point.
- China Iron Ore Spot 113.3 USD/Metric Tonne -1.1%.
- Bloomberg Emerging Markets Currency Index 41.2 -.10%
- Bloomberg Global Risk-On/Risk Off Index 73.6 +2.0%.
- Bloomberg US Financial Conditions Index .09 -7.0 basis points.
- Volatility Index(VIX) futures 17.6 -.8%.
- Euro Stoxx 50 futures -.09%.
- S&P 500 futures +.11%.
- NASDAQ 100 futures +.14%.
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 50% net long heading into the day.
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