Monday, September 09, 2019

Tuesday Watch

Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 58.0 -.75 basis point.
  • China Sovereign CDS 39.25 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index  65.72 +.01%.
  • FTSE 100 futures n/a.
  • S&P 500 futures +.18%.
  • NASDAQ 100 futures +.29%.
Morning Preview Links 

Earnings of Note 

Before the Open:
  • (HDS)/1./08
After the Close:
  • (PLAY)/.85
  • (GME)/-.22
  • (RH)/2.70
  • (ZS)/.02
Economic Releases
6:00 am EST
  • The NFIB Small Business Optimism Index for August is estimated to fall to 103.5 versus 104.7 in July.
10:00 am EST
  • JOLTS Job Openings for July is estimated to fall to 7331 versus 7348 in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Treasury's Mnuchin testimony on housing reform, China inflation data report, $38B 3Y T-Note auction, (AAPL) special event, US weekly retail sales reports, BofA Merrill Real Estate Conference, RBC Industrials Conference, Deutsche Bank Tech Conference and the (TWNK) investor day could also impact trading today.
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and financial 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.

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