Night Trading
- Asian equity indices are unch. to +1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 76.0 -.5 basis point.
- China Sovereign CDS 49.25 -.25 basis point.
- China Iron Ore Spot 102.1 USD/Metric Tonne +.5%
- Bloomberg Emerging Markets Currency Index 36.9 -.06%.
- Bloomberg Global Risk-On/Risk Off Index 77.4 +.04%.
- Volatility Index(VIX) futures 18.1 -.59%.
- Euro Stoxx 50 futures +.18%
- S&P 500 futures +.15%.
- NASDAQ 100 futures +.21%.
BOTTOM LINE: Asian indices are modestly 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 100% net long heading into the day.
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