Night Trading
- Asian equity indices are -.25% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 105.75 -1.75 basis points.
- Asia Pacific Sovereign CDS Index 59.0 -.75 basis point.
- S&P 500 futures -.02%.
- NASDAQ 100 futures +.30%.
Earnings of Note
Company/Estimate
- (ALV)/1.55
- (CMA)/.75
- (GE)/.29
- (HON)/1.49
- (JBHT)/.90
- (KSU)/1.02
- (PGR)/.55
- (STI)/.81
- (GWW)/3.05
Economic Releases
8:30 am EST
- Housing Starts for June are estimated to rise to 1106K versus 1036K in May.
- Building Permits for June are estimated to fall to 1150K versus 1275K in May.
- The CPI for June is estimated to rise +.3% versus a +.4% gain in May.
- The CPI ex Food & Energy for June is estimated to rise +.2% versus a +.1% gain in May.
- Real Avg Weekly Earnings YoY for June.
10:00 am EST
- Preliminary Univ. of Mich. Consumer Sentiment for July is estimated to fall to 96.0 versus 96.1 in June.
Upcoming Splits
- None of note
Other Potential Market Movers
- The (BURL) annual meeting could also impact trading today.
BOTTOM LINE: Asian
indices are mostly higher, boosted by real estate and consumer
shares in the region. I expect US stocks to open modestly higher
and to weaken into the afternoon, finishing mixed. The Portfolio is 50%
net long heading into the day.
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