Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 63.75 +.25 basis point.
- China Sovereign CDS 42.75 -1.25 basis points.
- China Iron Ore Spot 103.2 USD/Metric Tonne -1.1%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.80 -.01%.
- Bloomberg Emerging Markets Currency Index 36.27 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 93.0 -.7%.
- US 10-Year Yield 4.09% -1.0 basis point.
- Japan 30-Year Yield 3.38% -2.0 basis points.
- Volatility Index(VIX) futures 19.4 -.3%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.13%.
- NASDAQ 100 futures +.23%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology 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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