Night Trading
- Asian equity indices are -1.75% to -.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 135.5 +2.75 basis points.
- China Sovereign CDS 86.5 +3.0 basis points.
- China Iron Ore Spot 115.4 USD/Metric Tonne -1.3%.
- Bloomberg Emerging Markets Currency Index 41.13 -.07%
- Bloomberg Global Risk-On/Risk Off Index 70.3 +2.4%.
- Bloomberg US Financial Conditions Index -.19 -4.0 basis points.
- Volatility Index(VIX) futures 20.7 +.51%.
- Euro Stoxx 50 futures -.93%.
- S&P 500 futures -.22%.
- NASDAQ 100 futures -.33%.
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 Market Neutral heading into the day.
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