Night Trading
- Asian equity indices are -.25% to +1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 71.0 +1.75 basis points.
- China Sovereign CDS 60.25 -.75 basis point.
- China Iron Ore Spot 109.5 USD/Metric Tonne +1.2%
- Bloomberg Emerging Markets Currency Index 38.8 -.09%.
- Bloomberg Global Risk-On/Risk Off Index 58.2 +1.4%.
- Volatility Index(VIX) futures 19.2 +.2%.
- Euro Stoxx 50 futures -.12%.
- S&P 500 futures -.06%.
- NASDAQ 100 futures -.13%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
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