Night Trading
- Asian equity indices are -.% to +.% on average.
- Asia Ex-Japan Investment Grade CDS Index 101.5 -4.5 basis points.
- China Sovereign CDS 57.0 -6.75 basis points.
- China Iron Ore Spot 132.3 USD/Metric Tonne +.9%.
- Bloomberg Emerging Markets Currency Index 41.9 +.04%.
- Bloomberg Global Risk-On/Risk Off Index 67.6 +1.6%
- Bloomberg US Financial Conditions Index .30 -2.0 basis points.
- Volatility Index(VIX) futures 14.8 +.16%.
- Euro Stoxx 50 futures +.16%.
- S&P 500 futures +.05%.
- NASDAQ 100 futures +.10%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the day.
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