Monday, June 20, 2016

Tuesday Watch

Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 141.75 -2.5 basis points. 
  • Asia Pacific Sovereign CDS Index 52.0 -1.75 basis points.
  • Bloomberg Emerging Markets Currency Index 72.29 +.12%
  • S&P 500 futures +.23%. 
  • NASDAQ 100 futures +.19%.
Morning Preview Links

Earnings of Note

  • (KMX)/.92
  • (LEN)/.87
  • (ADBE)/.68
  • (FDX)/3.28
  • (ITRI)/.34
  • (KBH)/.17
  • (LZB)/.48
Economic Releases  
  • None of note
Upcoming Splits 
  • None of note
Other Potential Market Movers
  • The Fed's Yellen speaking before Senate Banking Committee, Bank of Japan Minutes, Bank of Australia Minutes, Germany ZEW Index, $34B 5Y T-Note auction, weekly US retail sales reports, Jefferies Consumer Conference, Oppenheimer Consumer Conference, JMP Securities Life Sciences Conference, (VAR) investor day and the (UAL) investor call could also impact trading today.
BOTTOM LINE:  Asian indices are mostly higher, boosted by industrial and technology 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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