Sunday, August 15, 2021

Monday Watch

Today's Headlines
Bloomberg:                       
Wall Street Journal:
Fox News:
CNBC:
Zero Hedge: 
NewsMax:
TheGatewayPundit.com: 
Night Trading
  • Asian indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 85.0 -.25 basis point.
  • China Sovereign CDS 37.5 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 59.79 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 2,882.0 -2.0 points.
  • Volatility Index(VIX) futures 19.6 +.6%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.12%.
  • NASDAQ 100 futures -.07%

Earnings of Note
Company/Estimate

Before the Open:
  • (TAL)/-.02
After the Close:
  • (FN)/1.22
  • (RBLX)/.24
Economic Releases
8:30 am EST
  • Empire Manufacturing for Aug. is estimated to fall to 26.3 versus 43.0 in July.
4:00 pm EST
  • Net Long-Term TIC Flows for June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The German Wholesale Price report and the Needham Virtual Med Tech/Diagnostics Conference could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are slightly lower, weighed down by financial and commodity shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

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