Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 77.25 -1.5 basis points.
- China Sovereign CDS 57.25 -.5 basis point.
- China Iron Ore Spot 104.8 USD/Metric Tonne +.9%
- Bloomberg Emerging Markets Currency Index 37.0 -.1%.
- Bloomberg Global Risk-On/Risk Off Index 73.3 -2.1%.
- Volatility Index(VIX) futures 17.1 -.8%.
- Euro Stoxx 50 futures -.21%.
- S&P 500 futures +.1%.
- NASDAQ 100 futures -.02%.
BOTTOM LINE: Asian indices are mostly higher, boosted by financial 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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