Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 73.25 +1.5 basis points.
- China Sovereign CDS 64.75 +.5 basis point.
- China Iron Ore Spot 101.4 USD/Metric Tonne +.8%
- Bloomberg Emerging Markets Currency Index 38.4 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 62.6 +.9%.
- Volatility Index(VIX) futures 18.5 +.9%.
- Euro Stoxx 50 futures -.14%.
- S&P 500 futures -.15%.
- NASDAQ 100 futures -.22%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and consumer shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.
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