Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 95.5 -1.0 basis point.
- China Sovereign CDS 62.75 -2.5 basis points.
- China Iron Ore Spot 102.9 USD/Metric Tonne +2.0%
- Bloomberg Emerging Markets Currency Index 39.0 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 51.4 +2.2%.
- Volatility Index(VIX) futures 15.8 -1.6%.
- Euro Stoxx 50 futures +.27%.
- S&P 500 futures +.62%.
- NASDAQ 100 futures +.98%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 100% net long heading into the day.
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