Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 90.75 +.25 basis point.
- China Sovereign CDS 59.25 +.75 basis point.
- China Iron Ore Spot 138.6 USD/Metric Tonne +.8%.
- Bloomberg Emerging Markets Currency Index 41.74 unch.
- Bloomberg Global Risk-On/Risk Off Index 57.7 +4.4%.
- Bloomberg US Financial Conditions Index n/a.
- Volatility Index(VIX) futures 15.7 -.%.
- Euro Stoxx 50 futures +.04%.
- S&P 500 futures -.15%.
- NASDAQ 100 futures -.3%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open modestly higher and weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
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