Tuesday, June 25, 2019

Tuesday Watch

Night Trading 
  • Asian equity indices are -1.0.% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 66.0 +1.5 basis points.
  • China Sovereign CDS 44.5 +3.5 basis points.
  • Bloomberg Emerging Markets Currency Index 67.36 .
  • S&P 500 futures -.28%.
  • NASDAQ 100 futures -.49%.

Earnings of Note 
Before the Open:
  • (ATU)/.40
  • (BB)/.00
  • (GIS)/.76
  • (INFO)/.65
  • (PAYX)/.64
  • (SCHN)/.61
After the Close:
  • (FUL)/.89
  • (MLHR)/.78
  • (KBH)/.38
  • (FIZZ)/.62
  • (WOR)/.77
Economic Releases
9:00 am EST
  • The FHFA House Price Index MoM for April is estimated to rise +.2% versus a +.1% gain in March.
10:00 am EST
  • The Richmond Fed Manufacturing Index for June is estimated to fall to 2.0 versus a reading of 5.0 in May. 
  • New Home Sales for May is estimated to rise to 684K versus 673K in April.
  • The Conference Board Consumer Confidence Index for June is estimated to fall to 131.0 versus 134.1 in May.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The weekly US retail sales reports, Japan Trade Data report, $41B 5Y T-Note auction and the Democrat Presidential Debate could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.


Anonymous said...

Hope all is well with you, missing daily thoughts. Thanks

Max2205 said...