Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 100.75 -.75 basis point.
- China Sovereign CDS 64.5 -.5 basis point.
- China Iron Ore Spot 129.5 USD/Metric Tonne +.04%.
- Bloomberg Emerging Markets Currency Index 40.3 -.11%.
- Bloomberg Global Risk-On/Risk Off Index 72.7 +1.0%.
- Volatility Index(VIX) futures 15.1 +.21%.
- Euro Stoxx 50 futures +.36%
- S&P 500 futures -.09%.
- NASDAQ 100 futures +.09%.
BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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