Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 79.0 -1.5 basis points.
- China Sovereign CDS 65.0 -.5 basis point.
- China Iron Ore Spot 99.0 USD/Metric Tonne -1.9%
- Bloomberg Emerging Markets Currency Index 36.6 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 67.8 +.1%.
- Volatility Index(VIX) futures 18.2 -.7%.
- Euro Stoxx 50 futures -.24%.
- S&P 500 futures +.16%.
- NASDAQ 100 futures +.27%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and energy 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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