Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 107.75 -.5 basis point.
- China Sovereign CDS 66.25 -1.0 basis point.
- China Iron Ore Spot 116.8 USD/Metric Tonne -.7%.
- Bloomberg Emerging Markets Currency Index 39.5 +.1%.
- Bloomberg Global Risk-On/Risk Off Index 66.5 -.03%.
- Volatility Index(VIX) futures 15.5 -.9%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.27%.
- NASDAQ 100 futures +.54%.
BOTTOM LINE: Asian indices are mostly 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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