Night Trading
- Asian indices are -.25% to +.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 53.25 -1.25 basis points.
- China Sovereign CDS 32.5 -2.25 basis points.
- Bloomberg Emerging Markets Currency Index 66.24 -.04%.
- FTSE 100 futures -.09%.
- S&P 500 futures +.09%.
- NASDAQ 100 futures +.12%.
Earnings of Note
Company/Estimate
Before the Open:
Before the Open:
- (NEOG)/.32
After the Close:
- None of note
Economic Releases
8:30 am EST
8:30 am EST
- Durable Goods Orders for Nov. is estimated to rise +1.5% versus a +.5% gain in Oct.
- Durables Ex Transports for Nov. is estimated to rise +.2% versus a +.5% gain in Oct.
- Cap Goods Orders Non-Def Ex-Air for Nov. is estimated to rise +.2% versus a +1.1% gain in Oct.
- The Chicago Fed National Activity Index for Nov. is estimated to rise to -.13 versus -.71 in Oct.
- New Home Sales for Nov. is estimated to fall to 730K versus 733K in Oct.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Canada GDP report and the $40B 2Y T-Note auction could also impact trading today.
BOTTOM LINE: Asian indices are slightly lower, weighed down by consumer and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 100% net long heading into the week.
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