Night Trading
- Asian equity indices are +.75% to +1.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 70.5 -.75 basis point.
- China Sovereign CDS 60.75 -1.5 basis points.
- China Iron Ore Spot 97.9 USD/Metric Tonne +3.3%
- Bloomberg Emerging Markets Currency Index 39.1 +.05%.
- Bloomberg Global Risk-On/Risk Off Index 55.9 +3.1%.
- Volatility Index(VIX) futures 18.2 +.8%.
- Euro Stoxx 50 futures -.16.
- S&P 500 futures -.14%.
- NASDAQ 100 futures -.16%.
BOTTOM LINE: Asian indices are mostly higher, boosted by commodity 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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