Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 70.75 +.75 basis point.
- China Sovereign CDS 61.75 +.75 basis point.
- China Iron Ore Spot 105.4 USD/Metric Tonne +.3%
- Bloomberg Emerging Markets Currency Index 37.4 +.01%.
- Bloomberg Global Risk-On/Risk Off Index 68.6 +.7%.
- Volatility Index(VIX) futures 16.6 +.1%.
- Euro Stoxx 50 futures -.06%
- S&P 500 futures -.04%.
- NASDAQ 100 futures +.04%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity 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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