Friday Watch

Night Trading 

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

• Asia Ex-Japan Investment Grade CDS Index 57.5 -.25 basis point.

• China Sovereign CDS 29.5 +.25 basis point.

• Bloomberg Emerging Markets Currency Index 63.02 -.02%.
• Bloomberg Global Risk-On/Risk Off Index 2,542.0 -12.0 points.
• Volatility Index(VIX) futures 26.90 +.78%.
• FTSE 100 futures -.02%.

• S&P 500 futures -.11%.

• NASDAQ 100 futures -.05%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (AXL)/.26
• (D)/.84
• (MCO)/1.94
• (NWL)/.48
  

After the Close:

• None of note
  

Economic Releases

8:30 am EST

• Univ. of Mich. Consumer Sentiment for Feb. is estimated to rise to 80.8 versus 79.0 in Jan.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The (AZPN) investor day and the (JNPR) investor day 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 technology and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.