Friday Watch

 Night Trading 

• Asian equity indices are -.5% to +.25 on average.

• Asia Ex-Japan Investment Grade CDS Index 62.5 +2.0 basis points.

• China Sovereign CDS 32.75 +.75 basis point.

• Bloomberg Emerging Markets Currency Index 61.41 +.02%.
• Bloomberg Global Risk-On/Risk Off Index 1,031.0 +15.0 points.
• Volatility Index(VIX) futures 24.95 +1.94%
• FTSE 100 futures +.18%.

• S&P 500 futures -.64%.

• NASDAQ 100 futures -.12%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (BKE)/.55
• (FL)/.62
• (HIBB)/.45
• (JKS)/.85
  

After the Close:

• None of note
  

Economic Releases

• None of note
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Eurozone Consumer Confidence Index could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly lower, weighed down by financial 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.