Night Trading
- Asian equity indices are -.5% to +1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 116.25 +3.0 basis points.
- China Sovereign CDS 72.0 +.25 basis point.
- China Iron Ore Spot 118.1 USD/Metric Tonne +.18%.
- Bloomberg Emerging Markets Currency Index 39.2 -.06%
- Bloomberg Global Risk-On/Risk Off Index 72.3 +4.8%.
- Volatility Index(VIX) futures 15.6 -2.8%.
- Euro Stoxx 50 futures +.63%.
- S&P 500 futures +.86%.
- NASDAQ 100 futures +1.21%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 75% net long heading into the day.
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