Night Trading
- Asian equity indices are -.5% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 92.75 +1.25 basis points.
- China Sovereign CDS 61.75 +1.25 basis points.
- China Iron Ore Spot 121.0 USD/Metric Tonne -1.1%.
- Bloomberg Emerging Markets Currency Index 39.9 -.03%.
- Bloomberg Global Risk-On/Risk Off Index 65.9 +.9%.
- Volatility Index(VIX) futures 13.5 -1.1%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.24%.
- NASDAQ 100 futures +.46%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by commodity 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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