Sunday, May 23, 2021

Monday Watch

Today's Headlines
Bloomberg:                
Wall Street Journal:
Fox News:
CNBC:  
Zero Hedge: 
MarketWatch.com: 
NewsMax:    
TheGatewayPundit.com:
Night Trading
  • Asian indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 89.25 -.5 basis point.
  • China Sovereign CDS 39.75 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 61.23 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 3,145.0 +18.0 points.
  • Volatility Index(VIX) futures 21.9 +.07%. 
  • Euro Stoxx 50 futures +.15%.
  • S&P 500 futures +.15%.
  • NASDAQ 100 futures -.04%

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • (RIDE)/-.29
  • (NDSN)/1.64
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for April.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Brainard speaking on digital currencies, House Hearing on SPACs/public listings, Eurozone GDP report, German IFO report and the JPMorgan Tech/Media/Communications Conference could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

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