Night Trading
- Asian equity indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 70.5 -2.25 basis points.
- China Sovereign CDS 63.25 -1.75 basis points.
- China Iron Ore Spot 103.89 USD/Metric Tonne -.2%
- Bloomberg Emerging Markets Currency Index 38.1 -.1%.
- Bloomberg Global Risk-On/Risk Off Index 69.0 +1.2%.
- Volatility Index(VIX) futures 16.3 +.1%.
- Euro Stoxx 50 futures -.10%.
- S&P 500 futures -.03%.
- NASDAQ 100 futures -.03%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by energy and healthcare 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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