Night Trading
- Asian equity indices are -1.0% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 76.75 +.75 basis point.
- China Sovereign CDS 49.5 +.25 basis point.
- China Iron Ore Spot 103.3 USD/Metric Tonne +.9%
- Bloomberg Emerging Markets Currency Index 36.9 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 65.8 -13.7%.
- Volatility Index(VIX) futures 19.1 +1.1%.
- Euro Stoxx 50 futures -.52%
- S&P 500 futures -.15%.
- NASDAQ 100 futures -.20%.
BOTTOM LINE: Asian indices are modestly lower, weighed down by tech and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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