Sunday, August 29, 2021

Monday Watch

Today's Headlines
Bloomberg:             
Wall Street Journal:
Fox News:
NY Post: 
CNBC:
Zero Hedge: 
MarketWatch.com:             
NewsMax:
TheGatewayPundit.com:
Night Trading
  • Asian indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 70.75 -.25 basis point.
  • China Sovereign CDS 33.25 -1.5 basis points.
  • Bloomberg Emerging Markets Currency Index 60.06 +.03%.
  • Bloomberg Global Risk-On/Risk Off Index 2,826.0 +6.0 points.
  • Volatility Index(VIX) futures 18.9 -.28%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.09%.
  • NASDAQ 100 futures +.15%

Earnings of Note
Company/Estimate

Before the Open:
  • (CLDR)/.09
After the Close:
  • (ZM)/1.16
Economic Releases
10:00 am EST
  • Pending Home Sales MoM for July is estimated to rise +.5% versus a -1.9% decline in June.
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for August is estimated to fall to 22.9 versus 27.3 in July.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Japan Unemployment Rate, China Manufacturing PMI and the Germany Inflation report could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly higher, boosted by technology and industrial 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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