Night Trading
- Asian equity indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 69.0 -.25 basis point.
- China Sovereign CDS 61.25 -1.0 basis point.
- China Iron Ore Spot 105.0 USD/Metric Tonne -.4%
- Bloomberg Emerging Markets Currency Index 37.t5 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 67.5 +.5%.
- Volatility Index(VIX) futures 16.3 -.1%.
- Euro Stoxx 50 futures -.20%
- S&P 500 futures +.07%.
- NASDAQ 100 futures +.11%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by consumer and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.
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