Night Trading
- Asian equity indices are +1.25% to +2.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 100.0 +1.0 basis point.
- China Sovereign CDS 62.0 +.25 basis point.
- China Iron Ore Spot 92.7 USD/Metric Tonne -.04%
- Bloomberg Emerging Markets Currency Index 38.7 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 50.3 +4.5%.
- Volatility Index(VIX) futures 18.7 +.5%.
- Euro Stoxx 50 futures +1.2%.
- S&P 500 futures +.01%.
- NASDAQ 100 futures +.06%.
BOTTOM LINE: Asian indices are higher, boosted by industrial and technology 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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