Night Trading
- Asian equity indices are -2.5% to -1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 68.75 +3.0 basis points.
- China Sovereign CDS 43.25 +2.75 basis points.
- China Iron Ore Spot 103.2 USD/Metric Tonne -.43%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.82 +.21%.
- Bloomberg Emerging Markets Currency Index 36.09 -.33%.
- Bloomberg Global Risk-On/Risk Off Index 82.0 -2.0%.
- US 10-Year Yield 4.05% -3.0 basis points.
- Volatility Index(VIX) futures 20.9 +1.9%.
- Euro Stoxx 50 futures -1.3%.
- S&P 500 futures -.7%.
- NASDAQ 100 futures -1.0%.
BOTTOM LINE: Asian indices are lower, weighed down by technology and consumer discretionary shares in the region. I expect US stocks to open modestly lower and to maintain losses in the afternoon. The Portfolio is 25% net long heading into the day.
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