Night Trading
- Asian equity indices are +.5 to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 101.25 -1.25 basis points.
- China Sovereign CDS 66.0 +.25 basis point.
- China Iron Ore Spot 114.4 USD/Metric Tonne -2.0%.
- Bloomberg Emerging Markets Currency Index 40.0 -.05%.
- Bloomberg Global Risk-On/Risk Off Index 67.6 +1.4%.
- Volatility Index(VIX) futures 15.5 -.6%.
- Euro Stoxx 50 futures +.18%
- S&P 500 futures -.03%.
- NASDAQ 100 futures -.24%.
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 75% net long heading into the day.
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