Monday, June 19, 2017

Tuesday Watch

Night Trading 
  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 84.5 +1.0 basis point. 
  • Asia Pacific Sovereign CDS Index 17.75 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 72.94 +.01%.
  • S&P 500 futures +.07%.
  • NASDAQ 100 futures +.21%.
Morning Preview Links

Earnings of Note
  • (LEN)/.79
  • (ADBE)/.95
  • (FDX)/3.87
  • (KFY)/.59
  • (LZB)/.46
  • (RHT)/.53
Economic Releases 
8:30 am EST
  • The 1Q Current Account Balance is estimated at -$123.6B versus -$112.4B in 4Q.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Fischer speaking, Fed's Rosengren speaking, Fed's Kaplan speaking, Paul Ryan speaking on tax reform, South Carolina District 5/Georgia District 6 speacial elections, Australia Home Price report, weekly US retail sales reports, CSFB Chemicals/Ag Conference, Oppenheimer Consumer Conference, JMP Life Sciences Conference, Jefferies Consumer Conference, (ADI) investor day and the (STM) annual meeting could also impact trading today.
BOTTOM LINE:  Asian indices are slightly lower, weighed down by energy and financial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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