Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.25 +.25 basis point.
- China Sovereign CDS 63.75 +.5 basis point.
- China Iron Ore Spot 103.9 USD/Metric Tonne +2.7%
- Bloomberg Emerging Markets Currency Index 38.2 -.05%.
- Bloomberg Global Risk-On/Risk Off Index 62.7 +.7%.
- Volatility Index(VIX) futures 19.0 -4.5%.
- Euro Stoxx 50 futures +.40%.
- S&P 500 futures +.54%.
- NASDAQ 100 futures +.66%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 100% net long heading into the day.
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