Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 68.75 +.75 basis point.
- China Sovereign CDS 44.25 +.75 basis point.
- China Iron Ore Spot 109.2 USD/Metric Tonne +.4%
- Bloomberg Emerging Markets Currency Index 37.4 -.2%.
- Bloomberg Global Risk-On/Risk Off Index 78.0 +.2%.
- Volatility Index(VIX) futures 17.1 +.1%.
- Euro Stoxx 50 futures -.05%.
- S&P 500 futures -.05%.
- NASDAQ 100 futures -.04%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and tech 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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