Night Trading
- Asian equity indices are +.5% to +.75% on average.
- Asia Ex-Japan Investment Grade CDS Index 54.5 +.5 basis point.
- China Sovereign CDS 30.0 -2.0 basis points.
- Bloomberg Emerging Markets Currency Index 66.57 -.01%.
- FTSE 100 futures +.26%.
- S&P 500 futures +.09%.
- NASDAQ 100 futures +.13%.
Earnings of Note
Company/Estimate
Before the Open:
- (C)/1.83
- (DAL)/1.39
- (JPM)/2.36
- (WFC)/1.11
- (WIT)/4.15
After the Close:
- None of note
Economic Releases
6:00 am EST
- The NFIB Small Business Optimism Index for Dec. is estimated to fall to 104.8 versus 104.7 in Nov.
8:30 am EST
- The CPI MoM for Dec. is estimated to rise +.3% versus a +.3% gain in Nov.
- The CPI Ex Food and Energy MoM for Dec. is estimated to rise +.2% versus a +.2% gain in Nov.
- Real Avg. Weekly Earnings YoY for Dec.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Williams speaking, Fed's George speaking, Japan money flow data, weekly US retail sales reports and the Needham Growth Conference could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are higher, boosted by technology and industrial shares
in the region. I expect US stocks to open modestly higher and to weaken
into the afternoon, finishing mixed. The Portfolio is 100% net long
heading into the day.
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