Night Trading
- Asian equity indices are unch. to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 109.0 -.75 basis point.
- China Sovereign CDS 60.5 +2.0 basis points.
- China Iron Ore Spot 121.6 USD/Metric Tonne +1.0%.
- Bloomberg Emerging Markets Currency Index 47.97 +.04%.
- Bloomberg Global Risk-On/Risk Off Index 61.4 +.02%.
- Bloomberg US Financial Conditions Index .33 -5.0 basis points.
- Volatility Index(VIX) futures 21.3 +.01%.
- Euro Stoxx 50 futures -.02%.
- S&P 500 futures -.09%.
- NASDAQ 100 futures -.12%.
BOTTOM LINE: Asian indices are modestly higher, boosted by tech and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 50% net long heading into the day.
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