Night Trading
- Asian equity indices are -1.75% to -.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 76.0 +3.25 basis points.
- China Sovereign CDS 65.75 +3.0 basis points.
- China Iron Ore Spot 101.60 USD/Metric Tonne -1.1%
- Bloomberg Emerging Markets Currency Index 37.1 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 60.5 +.02%.
- Volatility Index(VIX) futures 18.9 -4.6%.
- Euro Stoxx 50 futures -1.41%
- S&P 500 futures +.22%.
- NASDAQ 100 futures +.14%.
BOTTOM LINE: Asian indices are lower, weighed down by technology and financial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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