Monday Watch

Night Trading

• Asian indices are -1.75% to -.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 84.25 +1.0 basis point.
• China Sovereign CDS 37.5 +2.0 basis points.
• Bloomberg Emerging Markets Currency Index 60.30 -.01%.
• Bloomberg Global Risk-On/Risk Off Index 2,915.0 -80.0 points.
• Volatility Index(VIX) futures 21.32 -.09%. 
• Euro Stoxx 50 futures -.04%.
• S&P 500 futures -.13%.
• NASDAQ 100 futures -.01%

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• None of note
  

After the Close:

• (LMNX)/.23
  

Economic Releases

8:30 am EST

• The Chicago Fed National Activity Index for May is estimated to rise to .73 versus .24 in April.

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The PBOC rate decision, Raymond James Health Innovations Conference and the Morgan Stanley Electric Vehicle Investor Conference could also impact trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST

BOTTOM LINE: Asian indices are lower, weighed down by financial 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 50% net long heading into the week.