Night Trading
- Asian equity indices are -.75% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 97.0 +.5 basis point.
- China Sovereign CDS 65.25 -.25 basis point.
- China Iron Ore Spot 104.0 USD/Metric Tonne +.2%.
- Bloomberg Emerging Markets Currency Index 39.3 +.01%.
- Bloomberg Global Risk-On/Risk Off Index 63.6 +.6%.
- Volatility Index(VIX) futures 14.3 +.4%.
- Euro Stoxx 50 futures +.22%.
- S&P 500 futures +.02%.
- NASDAQ 100 futures +.07%.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and commodity 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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