Monday, July 05, 2021

Tuesday Watch

Today's Headlines

Bloomberg:           
Wall Street Journal:
Barron's:
  • Had bullish commentary on (BKNG), (JCI) and (NCR).
  • Had bearish commentary on (HOOD).
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 83.75 -.25 basis point.
  • China Sovereign CDS 36.0 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 60.5 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 3,370.0 -23.0 points.
  • Volatility Index(VIX) futures 19.33 -.87%. 
  • Euro Stoxx 50 futures -.09%.
  • S&P 500 futures +.07%.
  • NASDAQ 100 futures +.03%

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • (SGH)/1.09
Economic Releases
10:00 am EST
  • The ISM Services Index for June is estimated to fall to 63.5 versus 64.0 in May.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone ZEW Sentiment Index 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 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 75% net long heading into the week.

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