Night Trading
- Asian equity indices are -.5% to unch. on average.
- Asia Ex-Japan Investment Grade CDS Index 69.5 -.75 basis point.
- China Sovereign CDS 34.0 -.5 basis point.
- China Iron Ore Spot 90.90 USD/Metric Tonne -1.5%.
- Crude Oil 85.50/bbl. -1.2%.
- Gold 3,987.50 USD/t oz. -.3%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.01 -.03%.
- Bloomberg Emerging Markets Currency Index 33.10 -.01%.
- Bloomberg Global Risk-On/Risk Off Index 124.2 -.3%.
- US 10-Year Yield 4.98% -1.0 basis point.
- Japan 30-Year Yield 3.91% -5.0 basis points.
- Volatility Index(VIX) futures 18.9 +2.4%.
- Euro Stoxx 50 futures +.19%.
- S&P 500 futures -.41%.
- NASDAQ 100 futures -.69%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and metals & mining shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the day.
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