Night Trading
- Asian equity indices are +1.0% to +2.0% on average.
- Asia Ex-Japan Investment Grade CDS Index 194.5 +40.0 basis points.
- China Sovereign CDS 69.5 +.25 basis point.
- Bloomberg Emerging Markets Currency Index 58.41 -.05%.
- Euro Stoxx 50 futures -.6%.
- S&P 500 futures -1.5%.
- NASDAQ 100 futures -.7%.
Earnings of Note
Company/Estimate
Before the Open:
- (HIBB)/.61
- (TIF)/1.75
After the Close:
- None of note
Economic Releases
10:00 am EST
- Existing Home Sales for Feb. is estimated to rise to 5.51M versus 5.46M.
Upcoming Splits
- None of note
Other Potential Market Movers
- The German Producer Price Index could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are higher, boosted by commodity and financial shares in
the region. I expect US stocks to open lower and to rally into the
afternoon, finishing mixed. The Portfolio is 25% net long heading into
the day.
1 comment:
Hi Gary,
Any thoughts on where the markets get close to a bottom?
Not trying to exactly time the bottom, but I don't think this drop is over.
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