Monday, January 22, 2018

Tuesday Watch

Night Trading 
  • Asian equity indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.25 -.25 basis point
  • Asia Pacific Sovereign CDS Index 10.75 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 75.71 -.02%.
  • S&P 500 futures -.02%.
  • NASDAQ 100 futures +.01%.
Morning Preview Links

Earnings of Note
Company/Estimate
  • (ATI)/.14
  • (FITB)/.48
  • (JNJ)/1.72
  • (KMB)/1.54
  • (PG)/1.14
  • (STT)/1.70
  • (TRV)/1.51
  • (VZ)/.88
  • (WAT)/2.45
  • (CNI)/1.23
  • (COF)/1.85
  • (CREE)/.01
  • (TXN)/1.12
  • (UAL)/1.29
Economic Releases
10:00 am EST
  • The Richmond Fed Manufacturing Index for January is estimated to fall to 19.0 versus 20.0 in December.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Evans speaking, BoJ rate decision, NAFTA Talks Round 6, Eurozone Consumer Confidence Index, German ZEW Index, weekly US retail sales results, $26B 2Y T-Note auction, World Economic Forum, Blockchain Davos Conference and the (UAL) year-end results discussion could also impact trading today.
BOTTOM LINE:  Asian indices are mostly higher, boosted by technology and commodity 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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