Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.75 +2.0 basis points.
- China Sovereign CDS 62.75 +1.0 basis point.
- China Iron Ore Spot 103.8 USD/Metric Tonne -.8%
- Bloomberg Emerging Markets Currency Index 37.3 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 68.0 -.3%.
- Volatility Index(VIX) futures 17.1 +.6%.
- Euro Stoxx 50 futures -.02%
- S&P 500 futures -.09%.
- NASDAQ 100 futures -.02%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.
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