Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 93.75 -1.25 basis points.
- China Sovereign CDS 60.25 -1.25 basis points.
- China Iron Ore Spot 98.3 USD/Metric Tonne -.11%
- Swiss Franc/Offshore Chinese Renminbi Cross 8.87 -.2%.
- Bloomberg Emerging Markets Currency Index 37.0 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 59.6 +.2%.
- US 10-Year Yield 4.21% unch.
- Volatility Index(VIX) futures 23.6 -.5%.
- Euro Stoxx 50 futures +.10%.
- S&P 500 futures +.10%.
- NASDAQ 100 futures +.15%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology 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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