Night Trading
- Asian equity indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 98.5 -1.0 basis point.
- China Sovereign CDS 66.0 +.75 basis point.
- China Iron Ore Spot 106.5 USD/Metric Tonne +.9%.
- Bloomberg Emerging Markets Currency Index 40.0 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 68.4 +.9%.
- Volatility Index(VIX) futures 15.0 -.24%.
- Euro Stoxx 50 futures -.1%
- S&P 500 futures +.07%.
- NASDAQ 100 futures +.19%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by healthcare 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 75% net long heading into the day.
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