Monday, July 26, 2021

Tuesday Watch

Evening Headlines
Bloomberg:             
Wall Street Journal:
Fox News:
Zero Hedge:
Newsmax:
TheGatewayPundit.com:
Night Trading 
  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 87.0 +1.75 basis points.
  • China Sovereign CDS 39.0 +1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 59.79 +.05%.
  • Bloomberg Global Risk-On/Risk Off Index 2,795.0 -6.0 points.
  • Volatility Index(VIX) futures 20.20 +.25%.
  • FTSE 100 futures +.08%.
  • S&P 500 futures -.08%.
  • NASDAQ 100 futures -.05%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (MMM)/2.28
  • (ADM)/1.02
  • (BSX)/.37
  • (GLW)/.51
  • (GE)/.03
  • (JBLU)/-.74
  • (PCAR)/1.39
  • (PII)/2.17
  • (PHM)/1.73
  • (RTX)/.93
  • (RGEN)/.52
  • (ROK)/2.09
  • (SHW)/2.59
  • (SIRI)/.07
  • (SWK)/2.89
  • (UPS)/2.81
After the Close:
  • (AMD)/.54
  • (GOOG)/19.15
  • (AAPL)/1.01
  • (BXP)/1.62
  • (BYD)/.94
  • (CAKE)/.76
  • (CB)/3.01
  • (JNPR)/.39
  • (MXIM)/.85
  • (MSFT)/1.92
  • (MDLZ)/.65
  • (OLN)/1.47
  • (SBUX)/.77
  • (SYK)/2.12
  • (TDOC)/-.54
  • (TER)/1.75
  • (V)/1.35
Economic Releases
8:30 am EST
  • Durable Goods Orders for June is estimated to rise +2.0% versus a +2.3% gain in May.
  • Durables Ex Transports for June is estimated to rise +.8% versus a +.3% gain in May.
  • Cap Goods Orders Non-Defense Ex Air for June is estimated to rise +.8% versus a +.1% gain in May.
9:00 am EST
  • The FHFA House Price Index MoM for May is estimated to rise +1.6% versus a +1.8% gain in April.
  •  The S&P CoreLogic CS 20-City MoM for May is estimated to rise +1.5% versus a +1.62% gain in April.
10:00 am EST
  • The Conference Board Consumer Confidence Index for July is estimated to fall to 123.9 versus 127.3 in June.
  • The Richmond Fed Manufacturing Index for July is estimated to fall to 20.0 versus 22.0 in June.
Upcoming Splits
  • (GE) 1-for-8
Other Potential Market Movers
  • The Eurozone Private Load data report, $61B 5Y T-Note auction and the weekly US retail sales reports could also impact global 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 day.

No comments: