Sunday, January 24, 2021

Monday Watch

Today's Headlines
Bloomberg:  
Wall Street Journal:
Fox News:
CNBC: 
Zero Hedge: 
NewsMax: 
TheGatewayPundit.com:
The Epoch Times:
Night Trading
  • Asian indices are unch. to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 61.25 +1.0 basis point.
  • China Sovereign CDS 30.0 unch.
  • Bloomberg Emerging Markets Currency Index 62.19 unch.
  • Bloomberg Global Risk-On/Risk Off Index 2,164.0 +36.0 points.
  • Volatility Index(VIX) futures 24.55 -1.31%. 
  • Euro Stoxx 50 futures +.20%.
  • S&P 500 futures +.31%.
  • NASDAQ 100 futures +.56%.

Earnings of Note
Company/Estimate

Before the Open:
  • (BOH)/1.11
  • (KMB)/1.62
  • (PHG)/.83
After the Close:
  • (BXS)/.62
  • (BOOT)/.88
  • (BRO)/.29
  • (CR)/1.10
  • (GGG)/.51
  • (FUL)/.85
  • (HXL)/-.19
  • (STLD)/.84
  • (XLNX)/.72
Economic Releases
8:30 am EST
  • The Chicago Fed Nat Activity Index for Dec.
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The 2Y T-Note auction, German IFO Index and the (VRNT) roadshow could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 75% net long heading into the week.

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