Thursday, June 23, 2016

Friday Watch

Night Trading 
  • Asian equity indices are -1.75% to -.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 140.5 +1.25 basis points 
  • Asia Pacific Sovereign CDS Index 50.75 -1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 72.07 -1.46%
  • S&P 500 futures -1.72%. 
  • NASDAQ 100 futures -1.62%.
Morning Preview Links

Earnings of Note

  • (FINL)/.21
Economic Releases  
8:30 am EST
  • Durable Goods Orders for May are estimated to fall -.5% versus a +3.4% gain in April.
  • Durables Ex Transports for May are estimated to rise +.1% versus a +.5% gain in April.
  • Cap Goods Orders Non-Defense Ex Air for May are estimated to rise +.4% versus a -.6% decline in April.
10:00 am EST
  • Final Univ. of Mich. Consumer Sentiment for June is estimated to fall to 94.1 versus 94.3 in May.
Upcoming Splits 
  • (SSNC) 2-for-1
  • (CORE) 2-for-1
Other Potential Market Movers
  • The France GDP report could also impact trading today.
BOTTOM LINE:  Asian indices are sharply lower, weighed down by commodity and technology shares in the region. I expect US stocks to open sharply lower and to maintain losses into the afternoon. The Portfolio is 50% net long heading into the day.

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