Night Trading
- Asian equity indices are +.5% to +1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 131.75 -5.75 basis points.
- China Sovereign CDS 77.75 -3.0 basis points.
- China Iron Ore Spot 121.1 USD/Metric Tonne -.31%.
- Bloomberg Emerging Markets Currency Index 41.40 +.09%.
- Bloomberg Global Risk-On/Risk Off Index 65.4 +1.0%.
- Bloomberg US Financial Conditions Index -.12 unch.
- Volatility Index(VIX) futures 17.8 -.3%.
- Euro Stoxx 50 futures +.68%.
- S&P 500 futures +.24%.
- NASDAQ 100 futures +.35%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 75% net long heading into the day.
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