Thursday, May 16, 2019

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 70.0 -1.25 basis points.
  • China Sovereign CDS 47.5 -1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 65.91 -.05%.
  • S&P 500 futures +.03%.
  • NASDAQ 100 futures +.03%.
Morning Preview Links 

Earnings of Note 
Company/Estimate
Before the Open:
  • (CAE)/.44
  • (DE)/3.63
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • The Leading Index for April is estimated to rise +.2% versus a +.4% gain in March.
  • Preliminary Univ. of Mich. Consumer Sentiment for May is estimated at 97.2 versus 97.2 in April.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Williams speaking, Fed's Clarida speaking and the Eurozone CPI report could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.

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