Night Trading
- Asian equity indices are -.25% to +1.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 67.75 -1.25 basis points.
- China Sovereign CDS 46.5 -.25 basis point.
- China Iron Ore Spot 100.3 USD/Metric Tonne +.5%
- Bloomberg Emerging Markets Currency Index 37.4 unch.
- Bloomberg Global Risk-On/Risk Off Index 73.9 +1.7%.
- Volatility Index(VIX) futures 21.0 +.8%.
- Euro Stoxx 50 futures +.55%
- S&P 500 futures -.14%.
- NASDAQ 100 futures -.28%.
BOTTOM LINE: Asian indices are mostly higher, boosted by tech 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 50% net long heading into the day.
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