Monday, August 23, 2021

Tuesday Watch

Evening Headlines
Bloomberg:         
Wall Street Journal:
Fox News:
NY Post: 
CNBC.com:
MarketWatch.com:         
Zero Hedge:
TheGatewayPundit.com:
Night Trading 
  • Asian equity indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 73.0 -.25 basis points.
  • China Sovereign CDS 34.75 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 59.42 unch.
  • Bloomberg Global Risk-On/Risk Off Index 2,638.0 +33.0 points.
  • Volatility Index(VIX) futures 19.75 -.49%.
  • FTSE 100 futures +.15%.
  • S&P 500 futures +.18%.
  • NASDAQ 100 futures +.18%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (AAP)/3.05
  • (BBY)/1.89
  • (MDT)/1.32
  • (EDU)/.03
After the Close:
  • (INTU)/1.59
  • (JWN)/.30
  • (SCSC)/.57
  • (TOL)/1.53
  • (URBN)/.80
Economic Releases
10:00 am EST
  • The Richmond Fed Manufacturing Index for Aug. is estimated to fall to 24.0 versus 27.0 in July.
  • New Home Sales for July is estimated to rise to 700K versus 676K in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The 2Y T-Note auction, weekly US Retail Sales reports, Eurozone GDP report, Raymond James Industrials Conference and the BMO Tech Summit could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by commodity 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 100% net long heading into the day.

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