Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 98.25 -1.0 basis point.
- China Sovereign CDS 57.5 -2.5 basis points.
- China Iron Ore Spot 128.2 USD/Metric Tonne -.24%.
- Bloomberg Emerging Markets Currency Index 41.85 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 62.05 +1.3%.
- Bloomberg US Financial Conditions Index .45 +1.0 basis point.
- Volatility Index(VIX) futures 14.0 unch.
- Euro Stoxx 50 futures +.02%.
- S&P 500 futures +.06%.
- NASDAQ 100 futures +.14%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology 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 75% net long heading into the day.
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