Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 90.75 unch.
- China Sovereign CDS 59.75 unch.
- China Iron Ore Spot 139.4 USD/Metric Tonne -1.34%.
- Bloomberg Emerging Markets Currency Index 41.79 +.02%.
- Bloomberg Global Risk-On/Risk Off Index 55.3 +.4%.
- Bloomberg US Financial Conditions Index n/a.
- Volatility Index(VIX) futures 13.96 -.24%.
- Euro Stoxx 50 futures +.28%.
- S&P 500 futures +.08%.
- NASDAQ 100 futures +.12%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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