Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 90.25 unch.
- China Sovereign CDS 59.0 unch.
- China Iron Ore Spot 132.0 USD/Metric Tonne -.4%.
- Bloomberg Emerging Markets Currency Index 41.7 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 58.5 +.8%.
- Bloomberg US Financial Conditions Index .67 -1.0 basis point.
- Volatility Index(VIX) futures 14.8 +1.1%.
- Euro Stoxx 50 futures +.13%.
- S&P 500 futures -.05%.
- NASDAQ 100 futures -.10%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity 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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