Night Trading
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 72.256 -.75 basis point.
- China Sovereign CDS 47.75 -1.5 basis points.
- China Iron Ore Spot 100.8 USD/Metric Tonne +.1%
- Bloomberg Emerging Markets Currency Index 37.4 +.01%.
- Bloomberg Global Risk-On/Risk Off Index 73.0 +.3%.
- Volatility Index(VIX) futures 21.8 +.4%.
- Euro Stoxx 50 futures +.09%
- S&P 500 futures +.14%.
- NASDAQ 100 futures +.19%.
BOTTOM LINE: Asian indices are mostly higher, boosted by tech and financial 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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