Monday, February 17, 2020

Tuesday Watch

Today's Headlines
Bloomberg:
Wall Street Journal:
MarketWatch.com:
CNBC:
Zero Hedge: 
John Hopkins University:
Night Trading
  • Asian indices are -1.25% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 48.5 -1.0 basis point.
  • China Sovereign CDS 34.25 +1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 64.96 -.11%.
  • FTSE 100 futures -.57%.
  • S&P 500 futures -.31%.
  • NASDAQ 100 futures -.58%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AAP)/1.35
  • (BLMN)/.35
  • (EXPD)/.80
  • (FLR)/.23
  • (LDOS)/1.35
  • (MDT)/1.38
  • (VMC)/1.17
  • (WMT)/1.44
After the Close:
  • (A)/.81
  • (AMED)/.93
  • (CXO)/.80
  • (HLF)/.64
  • (LZB)/.64
  • (SGMS)/.25
  • (VNO)/1.57
Economic Releases
8:30 am EST
  • Empire Manufacturing for Feb. is estimated to rise to 5.0 versus 4.8 in Jan.
10:00 am EST
  • The NAHB Housing Market Index for Feb. is estimated at 75.0 versus 75.0 in Jan.
4:00 pm EST
  • Net Long-Term TIC Flows for Dec.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone ZEW Index, Japan Trade Balance report and the (WMT) community meeting could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by technology and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.

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