Night Trading
- Asian equity indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 64.0 -.25 basis point.
- China Sovereign CDS 41.25 unch.
- Bloomberg Emerging Markets Currency Index 66.51 unch.
- S&P 500 futures -.08%.
- NASDAQ 100 futures -.21%.
Earnings of Note
Company/Estimate
Before the Open:
- (BP)/.12
- (EAT)/1.20
- (CRI)/.72
- (COP)/.90
- (GLW)/.40
- (CMI)/3.55
- (DBD)/-.35
- (ETN)/1.25
- (LLY)/1.33
- (GE)/.09
- (GM)/1.12
- (HCA)/2.33
- (IR)/.80
- (MLM)/.26
- (MA)/1.66
- (MCD)/1.76
- (MRK)/1.05
- (OSK)/1.66
- (PCAR)/1.65
- (PFE)/.75
- (PSX)/.35
- (R)/.99
- (STX)/.71
- (WCG)/3.03
- (WH)/.46
After the Close:
- (AMD)/.06
- (AKAM)/1.02
- (AMED)/.89
- (AMGN)/3.48
- (AAPL)/2.36
- (BXP)/1.66
- (CHRW)/1.14
- (CB)/2.56
- (COHR)/1.47
- (CYH)/-.45
- (MXIM)/.52
- (MDLZ)/.61
- (NBR)/-.26
- (OLN)/.32
- (TDOC)/-.44
- (TEX)/.61
- (TWLO)/.01
- (WYNN)/1.58
- (ZEN)/.03
Economic Releases
8:30 am EST
- The Employment Cost Index for 1Q is estimated to rise +.7% versus a +.7% gain in 4Q.
9:00 am EST
- The S&P CoreLogic CS 20-City MoM for February is estimated to rise +.2% versus a +.11% gain in January.
9:45 am EST
- The MNI Chicago PMI for April is estimated to fall to 58.5 versus 58.7 in March.
10:00 am EST
- Pending Home Sales MoM for March is estimated to rise +1.5% versus a -1.0% decline in February.
- The Conference Board Consumer Confidence Index for April is estimated to rise to 126.7 versus 124.1 in March.
Upcoming Splits
- None of note
Other Potential Market Movers
- The China Manufacturing PMI report, Eurozone GDP report, Capitol Hill drug pricing/medicare-for-all hearings and the weekly US retail sales reports could also impact trading today.
BOTTOM LINE:
Asian indices are mostly lower, weighed down by commodity 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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