Sunday, January 03, 2021

Monday Watch

Today's Headlines
Bloomberg:       
Wall Street Journal:
Fox News:
CNBC: 
Zero Hedge: 
NewsMax:     
TheGatewayPundit.com:
The Epoch Times:
Washington Times: 
  • Ossoff's China ties compound Democratic Party's Hunter Biden, Swalwell woes. The Perdue campaign connected the dots in a digital ad with news clips of critics, including Sen. Marsha Blackburn, Tennessee Republican, raising concerns about Mr. Ossoff’s company receiving payments from PCCW Media, which is owned in part by China Unicom, a Chinese state-run telecommunications provider.
Politico:
Daily Caller:
ProtectTheVote.com: 
HereIsTheEvidence.com:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
  • Asian indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 56.0 -.75 basis point.
  • China Sovereign CDS 28.0 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 62.96 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 1,467.0 -12.0 points.
  • Volatility Index(VIX) futures 25.75 +.68%. 
  • Euro Stoxx 50 futures -.28%.
  • S&P 500 futures -.11%.
  • NASDAQ 100 futures -.31%.

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • Construction Spending MoM for Nov. is estimated to rise +1.0% versus a +1.3% gain in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Manufacturing PMI report, Eurozone PMI report and the new Congress leadership elections 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 industrial and technology 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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