Friday Watch

Night Trading 

• Asian equity indices are unch. to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 77.50 -.5 basis point. 

• Asia Pacific Sovereign CDS Index 16.0 -.25 basis point.

• Bloomberg Emerging Markets Currency Index 73.67 +.01%.

• S&P 500 futures -.03%.

• NASDAQ 100 futures -.04%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (BAC)/.45
• (DFRG)/-.01
• (JBHT)/.97
• (PNC)/2.13
• (WFC)/1.03

Economic Releases 

8:30 am EST

• The CPI MoM for September is estimated to rise +.6% versus a +.4% gain in August. 
• The CPI Ex Food and Energy MoM for September is estimated to rise +.2% versus a +.2% gain in August.
• Real Avg. Weekly Earnings YoY for Sept.
• Retail Sales Advance MoM for September are estimated to rise +1.7% versus a -.2% decline in August.
• Retail Sales Ex Autos MoM for September is estimated to rise +.9% versus a +.2% gain in August.
• Retail Sales Ex Autos and Gas  for September is estimated to rise +.4% versus a -.1% decline in August.

10:00 am EST

• Preliminary Univ. of Mich. Consumer Sentiment for October is estimated to fall to 95.0 versus 95.1 in September.
• Business Inventories for August are estimated to rise +.7% versus a +.2% gain in July.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Rosengren speaking, Fed's Evans speaking, Fed's Kaplan speaking, Fed's Powell speaking, China Trade Balance report and the (SAFM) investor event could also impact trading today.

BOTTOM LINE:  Asian indices are slightly higher, boosted by commodity and consumer 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.