Night Trading
- Asian indices are -.25% to +.50% on average.
- Asia Ex-Japan Investment Grade CDS Index 84.75 -.5 basis point.
- Asia Pacific Sovereign CDS Index 21.75 unch.
- Bloomberg Emerging Markets Currency Index 73.43 -.01%.
- S&P 500 futures +.03%.
- NASDAQ 100 futures +.10%.
Earnings of Note
Company/Estimate
- (BLK)/5.38
- (JBHT)/.91
- (BRO)/.47
- (NFLX)/.16
- (SCSS)/.05
Economic Releases
8:30 am EST
- Empire Manufacturing for July is estimated to fall to 15.0 versus 19.8 in June.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Canada Wholesale inventory report 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 mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the week.
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