Monday, April 10, 2017

Tuesday Watch

Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 96.0 +.5 basis point
  • Asia Pacific Sovereign CDS Index 21.25 unch.
  • Bloomberg Emerging Markets Currency Index 71.66 -.03%.
  • S&P 500 futures +.03%. 
  • NASDAQ 100 futures +.03%.
Morning Preview Links

Earnings of Note
  • (OZRK)/.72
  • (VNCE)/-.05
  • (HCSG)/.29
Economic Releases
6:00 am EST 
  • The NFIB Small Business Optimism Index for March is estimated to fall to 104.7 versus 105.3 in February.  
10:00 am EST
  • JOLTS Job Openings for February are estimated to rise to 5663 versus 5626 in January.   
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Kashkari speaking, Japan Machine Orders, Eurozone Manufacturing/Industrial Production reports, UK CPI report, WasDe Crop report, $24B 3Y T-Note auction, weekly US retail sales reports, (ALK) monthly traffic report and the (AAL) monthly traffic report could also impact trading today.
BOTTOM LINE:  Asian indices are mostly higher, boosted by commodity and consumer 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 day.

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