Night Trading
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 91.5 -3.25 basis points.
- China Sovereign CDS 57.75 unch.
- China Iron Ore Spot 134.5 USD/Metric Tonne +.37%.
- Bloomberg Emerging Markets Currency Index 41.85 +.02%.
- Bloomberg Global Risk-On/Risk Off Index 57.8 +.6%.
- Bloomberg US Financial Conditions Index .64 +5.0 basis points.
- Volatility Index(VIX) futures 14.2 -.01%.
- Euro Stoxx 50 futures +.15%.
- S&P 500 futures -.04%.
- NASDAQ 100 futures +.03%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and financial shares in the region. I expect US stocks to open modestly lower and rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.
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