Sunday, April 16, 2017

Monday Watch

Night Trading
  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 101.25 +1.25 basis points.
  • Asia Pacific Sovereign CDS Index 23.5 +2.25 basis points.
  • Bloomberg Emerging Markets Currency Index 72.19 +.04%.
  • S&P 500 futures -.04%.
  • NASDAQ 100 futures -.05%.

Earnings of Note
Company/Estimate
  • (JBHT)/.85
  • (VNCE)/-.05
  • (CUDA)/.15
  • (BRO)/.43
  • (CE)/1.72
  • (NFLX)/.37
  • (UAL)/.38
Economic Releases
8:30 am EST
  • Empire Manufacturing for April is estimated to fall to 15.0 versus 16.4 in March.  
10:00 am EST
  • The NAHB Housing Market Index for April is estimated to fall to 70.0 versus 71.0 in March.
4:00 pm EST
  • Net Long-Term TIC Flows.  
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Retail/Industrial Profits/GDP reports and the RBA Minutes could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally  into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the week.

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