Night Trading
- Asian equity indices are unch. to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 97.5 +.75 basis point.
- China Sovereign CDS 60.0 -1.0 basis point.
- China Iron Ore Spot 92.8 USD/Metric Tonne +1.1%
- Bloomberg Emerging Markets Currency Index 38.7 -.04%.
- Bloomberg Global Risk-On/Risk Off Index 48.2 -1.7%.
- Volatility Index(VIX) futures 19.6 -.65%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.17%.
- NASDAQ 100 futures +.17%.
BOTTOM LINE: Asian indices are modestly higher, boosted by consumer 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 75% net long heading into the day.
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