Thursday, June 09, 2016

Friday Watch

Night Trading 
  • Asian equity indices are -.75% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 139.5 +1.0 basis point. 
  • Asia Pacific Sovereign CDS Index 52.0 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 72.36 -.16%
  • S&P 500 futures -.11%. 
  • NASDAQ 100 futures -.11%.
Morning Preview Links

Earnings of Note

  • None of note
Economic Releases
10:00 am EST
  • Preliminary Univ. of Mich. Consumer Sentiment for June is estimated to fall to 94.0 versus 94.7 in May. 
2:00 pm EST
  • The Monthly Budget Deficit for May is estimated at -$56.0B. 
Upcoming Splits 
  • None of note
Other Potential Market Movers
  • The Canadian unemployment rate, USDA WASDE report and the (DAL) annual meeting could also impact trading today.
BOTTOM LINE:  Asian indices are mostly lower, weighed down by commodity and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.

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