Night Trading
- Asian equity indices are -2.0% to -1.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 53.5 +1.25 basis points.
- China Sovereign CDS 40.5 +2.25 basis points.
- Bloomberg Emerging Markets Currency Index 64.01 -.1%.
- FTSE 100 futures -.9%.
- S&P 500 futures +.31%.
- NASDAQ 100 futures +.42%.
Earnings of Note
Company/Estimate
Before the Open:
- (CARS)/.37
- (CK)/-.06
- (CM)/3.00
- (EV)/.85
- (FOSL)/.77
- (SJM)/2.24
- (LOW)/.91
- (ODP)/.08
- (PZZA)/.32
- (SINA)/.64
- (TJX)/.77
- (UTHR)/3.47
- (WB)/.72
- (WEN)/.09
After the Close:
- (APA)/-.05
- (CVNA)/-.63
- (CCI)/1.45
- (LB)/1.85
- (MAR)/1.47
- (NTES)/24.86
- (SQ)/.21
- (STAA)/.10
- (TDOC)/-.32
- (UHS)/2.57
Economic Releases
10:00 am EST
- New Home Sales for Jan. is estimated to rise to 715K versus 694K in Dec.
10:30 am EST
- Bloomberg
consensus estimates call for a weekly crude oil inventory gain of
+1,815,330 barrels versus a +415,000 barrel gain the prior week.
Gasoline supplies are estimated to fall by -2,085,670 barrels versus a
-1,971,000 barrel decline prior. Distillate supplies are estimated to
fall by -1,586,220 barrels versus a -635,000 barrel decline the prior
week. Finally, Refinery Utilization is estimated to fall by -.53% versus
a +1.4% gain prior.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Eurozone Retail Sales reports, $41B 5Y T-Note auction, weekly MBA mortgage applications report, BofA Merrill Ag/Materials Conference and the CSFB Financial Services Forum 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 industrial
shares in the region. I expect US stocks to open mixed and to weaken
into the afternoon, finishing modestly lower. The Portfolio is 25% net
long heading into the day.
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