Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 95.5 +.25 basis point.
- China Sovereign CDS 59.5 -1.0 basis point.
- China Iron Ore Spot 92.0 USD/Metric Tonne -.6%
- Bloomberg Emerging Markets Currency Index 38.9 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 50.1 +1.2%.
- Volatility Index(VIX) futures 20.3 -1.3%.
- Euro Stoxx 50 futures +.04%.
- S&P 500 futures +.08%.
- NASDAQ 100 futures +.17%.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.
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