Night Trading
- Asian equity indices are -.5% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 108.25 -3.25 basis points.
- China Sovereign CDS 67.25 -2.25 basis points.
- China Iron Ore Spot 117.4 USD/Metric Tonne +1.7%.
- Bloomberg Emerging Markets Currency Index 39.3 +.07%.
- Bloomberg Global Risk-On/Risk Off Index 65.1 -1.5%.
- Volatility Index(VIX) futures 15.7 -2.3%.
- Euro Stoxx 50 futures -.14%.
- S&P 500 futures +.51%.
- NASDAQ 100 futures +.65%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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