Thursday, March 17, 2016

Friday Watch

Night Trading 
  • Asian equity indices are -.25% +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 135.5 -.25 basis point. 
  • Asia Pacific Sovereign CDS Index 62.0 -3.0 basis points
  • Bloomberg Emerging Markets Currency Index 71.87 -.01%. 
  • S&P 500 futures +.06%. 
  • NASDAQ 100 futures +.03%.
Morning Preview Links

Earnings of Note

  • (TIF)/1.40
Economic Releases 
10:00 am EST
  • Preliminary Univ. of Mich. Consumer Sentiment for March is estimated to rise to 92.2 versus 91.7 in February.
Upcoming Splits 
  • None of note
Other Potential Market Movers
  • The Fed's Bullard speaking, Fed's Rosengren speaking, Fed's Dudley speaking and the German PPI report could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.

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