Thursday, January 16, 2020

Friday Watch

Night Trading 
  • Asian equity indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 51.50 -1.0 basis point.
  • China Sovereign CDS 29.75  -.5 basis point.
  • Bloomberg Emerging Markets Currency Index  66.38 -.02%.
  • FTSE 100 futures +.26%.
  • S&P 500 futures +.05%.
  • NASDAQ 100 futures +.07%.

Earnings of Note 
Company/Estimate
Before the Open:
  • (FAST)/.31
  • (JBHT)/1.53
  • (KSU)/1.85
  • (RF)/.39
  • (SLB)/.37
  • (STT)/1.69
After the Close:
  • None of note
Economic Releases 
8:30 am EST
  • Housing Starts for Dec. is estimated to rise to 1380K versus 1365K in Nov.
  • Building Permits for Dec. is estimated to fall to 1469K versus 1482K in Nov.
9:15 am EST
  • Industrial Production MoM for Dec. is estimated to fall -.2% decline versus a +1.1% gain in Nov.
  • Capacity Utilization for Dec. is estimated to fall to 77.0% versus 77.3% in Nov.
  • Manufacturing Production for Dec. is estimated to fall -.1% versus a +1.1% gain in Nov.
10:00 am EST
  • Univ. of Mich. Consumer Sentiment for Jan. is estimated at 99.3 versus 99.3 in Dec. 
  • JOLTS Job Openings for Nov. is estimated to fall to 7250 versus 7267 in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Quarles speaking and the Eurozone CPI report could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open modestly higher and to weakend into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.

No comments: