Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 97.75 -.75 basis point.
- China Sovereign CDS 65.25 -1.0 basis point.
- China Iron Ore Spot 117.7 USD/Metric Tonne +1.0%.
- Bloomberg Emerging Markets Currency Index 40.1 -.12%.
- Bloomberg Global Risk-On/Risk Off Index 71.7 -.18%.
- Volatility Index(VIX) futures 15.1 unch.
- Euro Stoxx 50 futures +.39%
- S&P 500 futures +.05%.
- NASDAQ 100 futures +.09%.
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 100% net long heading into the day.