Monday, December 30, 2019

Tuesday Watch

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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