Night Trading
- Asian equity indices are -1.5% to -.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 76.25 unch.
- China Sovereign CDS 36.5 -.5 basis point.
- China Iron Ore Spot 91.40 USD/Metric Tonne +.77%.
- Crude Oil 95.96/bbl. -.12%.
- Gold 3,962.0 USD/t oz. +.59%.
- Swiss Franc/Offshore Chinese Renminbi Cross 8.20 +.92%.
- Bloomberg Emerging Markets Currency Index 33.24 +.02%.
- Bloomberg Global Risk-On/Risk Off Index 121.0 -1.7%.
- US 10-Year Yield 4.90% -6.0 basis points.
- Japan 30-Year Yield 3.89% unch.
- Volatility Index(VIX) futures 19.9 +1.8%.
- Euro Stoxx 50 futures -1.04%.
- S&P 500 futures -.36%.
- NASDAQ 100 futures -1.13%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and energy shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon. The Portfolio is 25% net long heading into the day.
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