Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 73.0 -.5 basis point.
- China Sovereign CDS 49.25 -1.25 basis points.
- China Iron Ore Spot 101.3 USD/Metric Tonne +.5%
- Bloomberg Emerging Markets Currency Index 37.4 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 71.3 +.5%.
- Volatility Index(VIX) futures 22.4 -1.0%.
- Euro Stoxx 50 futures +.83%
- S&P 500 futures +.22%.
- NASDAQ 100 futures +.29%.
BOTTOM LINE: Asian indices are mostly higher, boosted by tech and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 50% net long heading into the day.
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