Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 90.75 -1.75 basis points.
- China Sovereign CDS 59.5 unch.
- China Iron Ore Spot 119.8 USD/Metric Tonne +1.1%.
- Bloomberg Emerging Markets Currency Index 40.0 unch.
- Bloomberg Global Risk-On/Risk Off Index 65.9 +.02%.
- Volatility Index(VIX) futures 13.7 +.5%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures -.03%.
- 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 modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.
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