Night Trading
- Asian equity indices are -1.25% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 111.5 unch.
- China Sovereign CDS 69.5 +.75 basis point.
- China Iron Ore Spot 115.1 USD/Metric Tonne -1.2%.
- Bloomberg Emerging Markets Currency Index 39.3 unch.
- Bloomberg Global Risk-On/Risk Off Index 67.7 +.04%.
- Volatility Index(VIX) futures 16.2 +1.2%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures -.18%.
- NASDAQ 100 futures -.38%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by commodity and technology shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the day.
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