Sunday, June 05, 2016

Monday Watch

Night Trading
  • Asian indices are -.50% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 141.5 -.25 basis point.
  • Asia Pacific Sovereign CDS Index 52.75 unch.
  • Bloomberg Emerging Markets Currency Index 71.57 +1.33%.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures -.01%.

Earnings of Note
  • (CASY)/1.21
  • (LAYN)/1.31
  • (THO)/1.43
  • (UNFI)/.66
Economic Releases
10:00 am EST
  • The Labor Market Conditions Index for May.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Yellen speaking, Fed's Rosengren speaking, German Factory Orders, Stifel Tech/Internet/Media Conference, Goldman Lodging/Gaming/Restaurant/Leisure Conference, (FAST) May sales and the (MDT) analyst meeting could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and commodity 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 week.

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