Night Trading
- Asian equity indices are -.5% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 104.75 +2.25 basis points.
- China Sovereign CDS 67.5 -.5 basis point.
- China Iron Ore Spot 101.9 USD/Metric Tonne -.05%
- Bloomberg Emerging Markets Currency Index 38.8 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 32.3 +.1%.
- Volatility Index(VIX) futures 23.8 -4.4%.
- Euro Stoxx 50 futures unch.
- S&P 500 futures -.31%.
- NASDAQ 100 futures -.46%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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