Friday Watch

Night Trading 

• Asian equity indices are +.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 71.5 -1.0 basis points. 

• China Sovereign CDS 45.5 +.5 basis point.
  

• Bloomberg Emerging Markets Currency Index 67.06 +.01%.

• FTSE 100 futures +.30%.

• S&P 500 futures +.20%.

• NASDAQ 100 futures +.24%.

Morning Preview Links

Earnings of Note
Company/Estimate

Before the Open:

• (BB)/.06
• (KMX)/.03

After the Close:

• None of note

Economic Releases
8:30 am EST

• Personal Income for Feb. is estimated to rise +.3% versus a -.1% decline in Jan.
• Personal Spending for Jan. is estimated to rise +.3% versus a -.5% decline in Jan.
• The PCE Core MoM for Feb. is estimated to rise +.2% versus a +.2% gain in Jan.
  

9:45 am EST

• The MNI Chicago PMI for March is estimated to fall to 61.0 versus 64.7 in Feb.

10:00 am EST

• New Home Sales for Feb. are estimated to rises to 620K versus 607K in Jan.
  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Quarles speaking, Eurozone CPI report, Brexit Deadline and the Amer. Assoc.  for Cancer Research annual meeting could also impact trading today.

BOTTOM LINE:  Asian indices are higher, boosted by commodity and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the day.