Wednesday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 68.0 -.25 basis point. 

• Asia Pacific Sovereign CDS Index 13.5 +.25 basis point.

• Bloomberg Emerging Markets Currency Index 73.87 unch.

• S&P 500 futures +.02%.

• NASDAQ 100 futures +.03%.

Morning Preview Links

Earnings of Note
Company/Estimate

• None of note

Economic Releases

10:00 am EST

• The Conference Board Consumer Confidence report for December is estimated to fall to 128.0 versus 129.5 in November.
• Pending Home Sales MoM for November are estimated to fall -.5% versus a +3.5% gain in October.

Upcoming Splits

• (GGG) 3-for-1
• (NEOG) 4-for-3

Other Potential Market Movers

• The China Industrial Profits report, $24B 5Y T-Note auction and the US weekly retail sales reports could also impact trading today.

BOTTOM LINE:  Asian indices are slightly higher, boosted by commodity 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 100% net long heading into the day.