Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 92.0 unch.
- China Sovereign CDS 57.5 unch.
- China Iron Ore Spot 102.2 USD/Metric Tonne +.54%
- Bloomberg Emerging Markets Currency Index 39.0 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 54.4 -.06%.
- Volatility Index(VIX) futures 15.7 +.45%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures -.17%.
- NASDAQ 100 futures -.37%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and commodity 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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