Night Trading
- Asian equity indices are -.75% to -.25% on average.
- Asia Ex-Japan Investment Grade CDS Index 53.25 +.25 basis point.
- China Sovereign CDS 31.25 +.5 basis point.
- Bloomberg Emerging Markets Currency Index 66.67 +.04%.
- FTSE 100 futures -.35%.
- S&P 500 futures +.13%.
- NASDAQ 100 futures +.15%.
Earnings of Note
Company/Estimate
Before the Open:
- None of note
After the Close:
- None of note
Economic Releases
9:00 am EST
- The FHFA House Price Index MoM for Oct. is estimated to rise +.4% versus a +.6% gain in Sept.
- The S&P CoreLogic CS 20-City MoM for Oct. is estimated to rise +.3% versus a +.36% gain in Sept.
10:00 am EST
- The Conference Board Consumer Confidence Index for Dec. is estimated to rise to 128.5 from 125.5 in Nov.
Upcoming Splits
- None of note
Other Potential Market Movers
- The end-of-year portfolio positioning could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are mostly lower, weighed down by commodity and consumer
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 day.
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