Night Trading
- Asian equity indices are -1.5% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.0 +.5 basis point.
- China Sovereign CDS 63.0 unch.
- China Iron Ore Spot 106.2 USD/Metric Tonne +.4%
- Bloomberg Emerging Markets Currency Index 38.43 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 59.2 +.62%.
- Volatility Index(VIX) futures 19.3 -.03%.
- Euro Stoxx 50 futures -.56%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures +.08%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by technology and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 75% net long heading into the day.
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