Monday, January 07, 2019

Tuesday Watch

Night Trading 
  • Asian equity indices are unch. to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 93.0 -2.0 basis points
  • China Sovereign CDS 65.25 -1.75 basis points.
  • Bloomberg Emerging Markets Currency Index 67.88 -.01%.
  • FTSE 100 futures +.39%.
  • S&P 500 futures +.30%.
  • NASDAQ 100 futures +.30%.
Morning Preview Links

Earnings of Note

Before the Open:
  • (AZZ)/.62
  • (HELE)/2.36
  • (LNN)/.42
After the Close:
  • (SGH)/1.77
Economic Releases
6:00 am EST
  • The NFIB Small Business Optimism Index for Dec. is estimated to fall to 103.0 versus 104.8 in November.
10:00 am EST
  • The JOLTS Job Openings report for November is estimated to fall to 7050 versus 7079 in October.
3:00 pm EST
  • Consumer Credit for November is estimated to fall to $17.5B versus $25.384B in October.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone Industrial Production report, weekly US retail sales reports, Citi TMT Conference, Goldman Energy Conference and the JPMorgan Tech Forum could also impact trading today.
BOTTOM LINE:  Asian indices are higher, boosted by technology and commodity shares in the region. I expect US stocks to open mixed and to strengthen into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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