Sunday, July 11, 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 +.5% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 89.25 +1.0 basis point.
  • China Sovereign CDS 38.25 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 59.95 +.04%.
  • Bloomberg Global Risk-On/Risk Off Index 3,066.0 -66.0 points.
  • Volatility Index(VIX) futures 19.87 +.13%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.09%.
  • NASDAQ 100 futures +.15%

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China FDI report, $58B 3Y T-Note auction, $38B 10Y T-Note auction and the (FDX) July economic update could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

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