Night Trading
- Asian equity indices are +.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 71.5 -.25 basis point.
- China Sovereign CDS 63.0 +.5 basis point.
- China Iron Ore Spot 107.4 USD/Metric Tonne -.2%
- Bloomberg Emerging Markets Currency Index 38.6 unch.
- Bloomberg Global Risk-On/Risk Off Index 63.0 +3.0%.
- Volatility Index(VIX) futures 18.6 -.5%.
- Euro Stoxx 50 futures n/a.
- S&P 500 futures +.06%.
- NASDAQ 100 futures +.02%.
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial 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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