Friday Watch

Night Trading 

• Asian equity indices are -1.5% to -.5% on average.

• Asia Ex-Japan Investment Grade CDS Index 88.25 +2.25 basis points. 

• China Sovereign CDS 50.0 +.5 basis point.
  

• Bloomberg Emerging Markets Currency Index 54.72 -.3%. 
• Bloomberg Global Risk-On/Risk Off Index 3,036.0 -92.0 points.
• Volatility Index(VIX) futures 21.1 +3.5%.
• Euro Stoxx 50 futures -1.17%.

• S&P 500 futures -.61%

• NASDAQ 100 futures -.34%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• None of note
  

After the Close:

• None of note
  

Economic Releases 

• None of note
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone Money Supply report could also impact global trading today.

US Equity Market Hours

• 9:30 am - 1:00 pm EST
  

BOTTOM LINE: Asian indices are lower, weighed down by commodity and financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing

mixed. The Portfolio is 75% net long heading into the day.