Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 138.5 -.25 basis point.
- China Sovereign CDS 82.0 -2.0 basis points.
- China Iron Ore Spot 121.1 USD/Metric Tonne -.47%.
- Bloomberg Emerging Markets Currency Index 41.1 unch.
- Bloomberg Global Risk-On/Risk Off Index 65.2 +2.7%.
- Bloomberg US Financial Conditions Index -.21 -2.0 basis points.
- Volatility Index(VIX) futures 19.6 +.05%.
- Euro Stoxx 50 futures n/q.
- S&P 500 futures -.11%.
- NASDAQ 100 futures -.14%.
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and commodity 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.
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