Night Trading
- Asian equity indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 92.75 unch.
- China Sovereign CDS 59.75 +1.0 basis point.
- China Iron Ore Spot 96.7 USD/Metric Tonne +1.3%
- Bloomberg Emerging Markets Currency Index 39.08 +.01%.
- Bloomberg Global Risk-On/Risk Off Index 53.3 +2.6%.
- Volatility Index(VIX) futures 16.1 +.4%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.09%.
- NASDAQ 100 futures +.04%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial 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 100% net long heading into the day.
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