Night Trading
- Asian equity indices are -.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 77.75 +.75 basis point.
- China Sovereign CDS 63.5 -.25 basis point.
- China Iron Ore Spot 96.7 USD/Metric Tonne +.06%
- Bloomberg Emerging Markets Currency Index 36.9 -.02%.
- Bloomberg Global Risk-On/Risk Off Index 72.2 +1.3%.
- Volatility Index(VIX) futures 17.4 +.3%.
- Euro Stoxx 50 futures -.46%.
- S&P 500 futures -.01%.
- NASDAQ 100 futures +.03%.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and consumer 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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