Night Trading
- Asian equity indices are -.5% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 65.0 +1.0 basis point.
- China Sovereign CDS 42.25 +1.0 basis point.
- Bloomberg Emerging Markets Currency Index 66.47 +.07%.
- S&P 500 futures -.10%.
- NASDAQ 100 futures -.02%.
Earnings of Note
Company/Estimate
Before the Open:
- (AAL)/.50
- (ADM)/.62
- (AZN)/.84
- (ALV)/1.60
- (AN)/.92
- (B)/.69
- (BLMN)/.73
- (COG)/.65
- (CVX)/1.33
- (CL)/.66
- (XOM)/.74
- (BEN)/.63
- (GT)/.12
- (LEA)/4.11
- (LYB)/2.18
- (SNE)/26.29
- (TEN)/.95
- (WY)/.10
- (ZBH)/1.86
After the Close:
- None of note
Economic Releases
8:30 am EST
- 1Q GDP is estimated to rise +2.3% versus a +2.2% gain in 4Q.
- 1Q Personal Consumption is estimated to rise +1.0% versus a +2.5% gain in 4Q.
- The 1Q GDP Price Index is estimated to rise +1.2% versus a +1.7% gain in 4Q.
- The 1Q Core PCE is estimated to rise +1.3% versus a +1.8% gain in 4Q.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Australia PPI report and the (SCHW) Business update could also impact trading today.
BOTTOM LINE:
Asian indices are mostly lower, weighed down by industrial and
technology shares in the region. I expect US stocks to open modestly
lower and to strengthen into the afternoon, finishing mixed. The
Portfolio is 100% net long heading into the day.
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