Thursday, February 23, 2017

Friday Watch

Night Trading 
  • Asian equity indices are -.50% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 95.5 +.25 basis point.
  • Asia Pacific Sovereign CDS Index 25.25 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 71.83 -.01%
  • S&P 500 futures -.11%. 
  • NASDAQ 100 futures -.12%.
Morning Preview Links

Earnings of Note
  • (BCC)/-.04
  • (COG)/.01
  • (FL)/1.32
  • (JCP)/.61
  • (MGA)/1.35
  • (RDC)/-.09
Economic Releases
10:00 am EST
  • New Home Sales for January are estimated to rise to 570K versus 536K in December. 
  • Final Univ. of Mich. Consumer Sentiment for February is estimated to rise to 96.0 versus a prior estimate of 95.7.  
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Canadian inflation report and the (ETN) analyst conference 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 modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

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