Sunday, December 27, 2020

Monday Watch

Today's Headlines
Bloomberg:        
Wall Street Journal:
Fox News:
CNBC: 
Zero Hedge: 
MarketWatch.com:       
NewsMax:  
TheGatewayPundit.com:
The Epoch Times:
Politico:
Daily Caller:
ProtectTheVote.com: 
HereIsTheEvidence.com:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
  • Asian indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 57.5 -.75 basis point.
  • China Sovereign CDS 29.0 unch.
  • Bloomberg Emerging Markets Currency Index 62.55 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 1,512.0 -11.0 points.
  • Volatility Index(VIX) futures 23.65 -.73%. 
  • Euro Stoxx 50 futures +.17%.
  • S&P 500 futures +.35%.
  • NASDAQ 100 futures +.35%.

Earnings of Note
Company/Estimate

Before the Open:
  • (WB)/.60
After the Close:
  • None of note
Economic Releases
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for Dec. is estimated to fall to 10.2 versus 12.0 in Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Government funding deadline and Hong Kong Trade Balance report could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly lower, weighed down by industrial 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 50% net long heading into the week.

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