Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 74.5 -.5 basis point.
- China Sovereign CDS 55.25 -1.25 basis points.
- China Iron Ore Spot 104.3 USD/Metric Tonne +.6%
- Bloomberg Emerging Markets Currency Index 37.1 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 74.6 +.4%.
- Volatility Index(VIX) futures 16.6 +.5%.
- Euro Stoxx 50 futures +.25%.
- S&P 500 futures -.07%.
- NASDAQ 100 futures -.13%.
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 100% net long heading into the day.
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