Night Trading
- Asian equity indices are -.25% to +.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 52.5 unch.
- China Sovereign CDS 34.75 +1.5 basis points.
- Bloomberg Emerging Markets Currency Index 65.35 -.04%.
- FTSE 100 futures n/a.
- S&P 500 futures +.13%.
- NASDAQ 100 futures +.13%.
Earnings of Note
Company/Estimate
Before the Open:
- (ABBV)/2.20
- (CCJ)/.14
- (GOOS)/1.07
- (CBOE)/1.13
- (CNHI)/.21
- (HBI)/.51
- (HMC)/76.80
- (SOHU)/-.40
After the Close:
- None of note
Economic Releases
8:30 am EST
- The Change in Non-Farm Payrolls for Jan. is estimated to rise to 162K versus 145K in Dec.
- The Unemployment Rate for Jan. is estimated at 3.5% versus 3.5% in Dec.
- Average Hourly Earnings MoM for Jan. is estimated to rise +.3% versus a +.1% gain in Dec.
10:00 am EST
- Wholesale Trade Sales MoM for Dec. is estimated to rise +.1% versus a +1.5% gain in Nov.
3:00 pm EST
- Consumer Credit for Dec. is estimated to rise to $15.0B versus $12.513B in Nov.
Upcoming Splits
- None of note
Other Potential Market Movers
- The German Trade Balance 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 consumer
shares in the region. I expect US stocks to open modestly higher and to
weaken into the afternoon, finishing mixed. The Portfolio is 75% net
long heading into the day.
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