Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 101.75 -1.75 basis points.
- China Sovereign CDS 67.0 -3.0 basis points.
- China Iron Ore Spot 108.8 USD/Metric Tonne -.94%.
- Bloomberg Emerging Markets Currency Index 39.8 -.14%.
- Bloomberg Global Risk-On/Risk Off Index 70.3 +1.5%.
- Volatility Index(VIX) futures 14.5 -.05%.
- Euro Stoxx 50 futures -.24%
- S&P 500 futures +.15%.
- NASDAQ 100 futures +.17%.
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and industrial 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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