Thursday, November 28, 2019

Friday Watch

Night Trading 
  • Asian equity indices are -1.0% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 64.5 -.25 basis point.
  • China Sovereign CDS 39.0 unch.
  • Bloomberg Emerging Markets Currency Index  65.06 -.01%.
  • FTSE 100 futures -.18%.
  • S&P 500 futures -.25%.
  • NASDAQ 100 futures -.35%.

Earnings of Note 
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of ntoe
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Black Friday retail results and the German Unemployment rate could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology 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.

No comments: