Night Trading
- Asian equity indices are -.5% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 71.75 -.5 basis point.
- China Sovereign CDS 63.25 +.25 basis point.
- China Iron Ore Spot 100.4 USD/Metric Tonne +.8%
- Bloomberg Emerging Markets Currency Index 38.4 -.07%.
- Bloomberg Global Risk-On/Risk Off Index 60.8 +3.1%.
- Volatility Index(VIX) futures 18.8 +.19%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.06%.
- NASDAQ 100 futures +.14%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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