Tuesday Watch

Night Trading 

• Asian equity indices are -.25% to +.25% on average.

• Asia Ex-Japan Investment Grade CDS Index 53.0 -1.5 basis points.

• China Sovereign CDS 31.25 -1.25 basis points.

• Bloomberg Emerging Markets Currency Index  66.25 +.08%.
• FTSE 100 futures -.01%.

• S&P 500 futures unch.

• NASDAQ 100 futures -.04%.

Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:

• None of note

After the Close:

• None of note

Economic Releases 
10:00 am EST

• The Richmond Fed Manufacturing Index for Dec. is estimated at 1 versus -1 in Nov. 

Upcoming Splits

• None of note

Other Potential Market Movers

• The $41B 5Y T-Note auction and the weekly UR retail sales reports could also impact trading today.

Market Hours
Shortened:

• 9:30 am - 1:00 pm EST
  

BOTTOM LINE: Asian indices are slightly lower, weighed down by consumer 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 100% net long heading into the day.