Night Trading
- Asian equity indices are -.50% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 77.75 unch.
- China Sovereign CDS 62.75 -.75 basis point.
- China Iron Ore Spot 96.9 USD/Metric Tonne +.2%
- Bloomberg Emerging Markets Currency Index 36.9 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 71.1 +.6%.
- Volatility Index(VIX) futures 18.1 -1.2%.
- Euro Stoxx 50 futures -.30%.
- S&P 500 futures +.15%.
- NASDAQ 100 futures +.23%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.
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