Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 73.75 unch.
- China Sovereign CDS 63.0 -.25 basis point.
- China Iron Ore Spot 102.6 USD/Metric Tonne +.5%
- Bloomberg Emerging Markets Currency Index 37.6 -.05%.
- Bloomberg Global Risk-On/Risk Off Index 67.1 +1.1%.
- Volatility Index(VIX) futures 16.8 +.2%.
- Euro Stoxx 50 futures +.40%
- S&P 500 futures -.01%.
- NASDAQ 100 futures -.12%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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