Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 68.5 -.5 basis point.
- China Sovereign CDS 46.75 -.75 basis point.
- China Iron Ore Spot 106.3 USD/Metric Tonne +.3%
- Bloomberg Emerging Markets Currency Index 37.3 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 72.1 -.4%.
- Volatility Index(VIX) futures 18.3 -1.0%.
- Euro Stoxx 50 futures +.40%.
- S&P 500 futures +.19%.
- NASDAQ 100 futures +.32%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by real estate and industrial 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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