Night Trading
- Asian equity indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 100.25 +2.5 basis points.
- China Sovereign CDS 65.75 +.5 basis point.
- China Iron Ore Spot 115.0 USD/Metric Tonne -.5%.
- Bloomberg Emerging Markets Currency Index 40.04 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 70.9 +.8%.
- Volatility Index(VIX) futures 15.1 +.33%.
- Euro Stoxx 50 futures -.14%
- S&P 500 futures -.15%.
- NASDAQ 100 futures -.27%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and commodity 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.
No comments:
Post a Comment