Night Trading
- Asian equity indices are -1.75% to -.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 87.5 +2.0 basis points.
- China Sovereign CDS 50.25 +1.0 basis point.
- China Iron Ore Spot 105.6 USD/Metric Tonne -.7%.
- Crude Oil 103.90/bbl. +3.8%
- Gold 4,720.3 USD/t oz. -1.9%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.64 -.2%.
- Bloomberg Emerging Markets Currency Index 35.39 -.13%.
- Bloomberg Global Risk-On/Risk Off Index 102.0 +.3%
- US 10-Year Yield 4.36% +4.0 basis points.
- Japan 30-Year Yield 3.67% +5.0 basis points.
- Volatility Index(VIX) futures 24.6 +2.9%.
- Euro Stoxx 50 futures -1.25%.
- S&P 500 futures -.88%.
- NASDAQ 100 futures -1.06%.
BOTTOM LINE: Asian indices are lower, weighed down by technology and transportation shares in the region. I expect US stocks to open lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the day.
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