Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 99.0 -.5 basis point.
- China Sovereign CDS 62.0 +.5 basis point.
- China Iron Ore Spot 134.5 USD/Metric Tonne -.41%.
- Bloomberg Emerging Markets Currency Index 41.5 unch.
- Bloomberg Global Risk-On/Risk Off Index 62.8 +1.5%.
- Bloomberg US Financial Conditions Index .58 -2.0 basis points.
- Volatility Index(VIX) futures 14.8 -.2%.
- Euro Stoxx 50 futures +.09%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures +.10%.
BOTTOM LINE: Asian indices are mostly higher, boosted by consumer and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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