Night Trading
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 90.75 +.25 basis point.
- China Sovereign CDS 59.75 unch.
- China Iron Ore Spot 140.1 USD/Metric Tonne -.05%.
- Bloomberg Emerging Markets Currency Index 41.7 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 57.1 +1.3%.
- Bloomberg US Financial Conditions Index n/a.
- Volatility Index(VIX) futures 14.6 -.32%.
- Euro Stoxx 50 futures +.26%.
- S&P 500 futures -.02%.
- NASDAQ 100 futures -.01%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity 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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