Night Trading
- Asian equity indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 96.5 -1.75 basis points.
- China Sovereign CDS 66.25 -.5 basis point.
- China Iron Ore Spot 109.5 USD/Metric Tonne -.21%.
- Bloomberg Emerging Markets Currency Index 39.0 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 61.1 +.9%.
- Volatility Index(VIX) futures 14.4 -.21%.
- Euro Stoxx 50 futures -.06%.
- S&P 500 futures -.17%.
- NASDAQ 100 futures -.33%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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