Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 71.5 -.75 basis point.
- China Sovereign CDS 62.75 +.5 basis point.
- China Iron Ore Spot 104.4 USD/Metric Tonne -.6%
- Bloomberg Emerging Markets Currency Index 38.6 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 61.2 +.8%.
- Volatility Index(VIX) futures 19.9 +.03%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures -.10%.
- NASDAQ 100 futures -.13%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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