Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.75 -2.25 basis points.
- China Sovereign CDS 65.0 -1.5 basis points.
- China Iron Ore Spot 104.0 USD/Metric Tonne -1.3%
- Bloomberg Emerging Markets Currency Index 38.1 -.22%.
- Bloomberg Global Risk-On/Risk Off Index 64.9 +1.9%.
- Volatility Index(VIX) futures 17.5 -2.5%.
- Euro Stoxx 50 futures +.25%.
- S&P 500 futures +.49%.
- NASDAQ 100 futures +.25%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and consumer shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 75% net long heading into the day.
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