Sunday, July 25, 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 +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 85.25 -.25 basis point.
  • China Sovereign CDS 38.0 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 59.72 -.04%.
  • Bloomberg Global Risk-On/Risk Off Index 2,890.0 +4.0 points.
  • Volatility Index(VIX) futures 20.70 +1.6%. 
  • Euro Stoxx 50 futures -.39%.
  • S&P 500 futures -.21%.
  • NASDAQ 100 futures +.01%

Earnings of Note
Company/Estimate

Before the Open:
  • (CHKP)/1.56
  • (HAS)/.47
  • (LII)/4.41
  • (LMT)/6.52
  • (OTIS)/.72
After the Close:
  • (BRO)/.40
  • (CDNS)/.76
  • (CR)/1.39
  • (FFIV)/2.46
  • (LOGI)/1.07
  • (PKG)/1.77
  • (TSLA)/.98
  • (UHS)/2.69
Economic Releases
10:00 am EST
  • New Home Sales for June is estimated to rise to 800K versus 769K in May.
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for July is estimated to rise to 32.5 versus 31.1 in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The German IFO Business Climate Index and the $60B 2Y T-Note auction 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 consumer and technology shares in the region. I expect US stocks to open modestly lower and to rally nto the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

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