Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 77.0 unch.
- China Sovereign CDS 64.75 -.25 basis point.
- China Iron Ore Spot 100.7 USD/Metric Tonne +.2%
- Bloomberg Emerging Markets Currency Index 37.1 +.03%.
- Bloomberg Global Risk-On/Risk Off Index 71.6 +1.8%.
- Volatility Index(VIX) futures 16.1 +.5%.
- Euro Stoxx 50 futures unch.
- S&P 500 futures +.01%.
- NASDAQ 100 futures +.15%.
BOTTOM LINE: Asian indices are modestly 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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