Monday, October 25, 2021

Tuesday Watch

Evening Headlines

Bloomberg:      
Wall Street Journal:
Fox News:    
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 83.25 -.25 basis point.
  • China Sovereign CDS 46.5 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 58.42 -.02%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,619.0 -31.0 points.
  • Volatility Index(VIX) futures 18.45 -.54%.
  • FTSE 100 futures +.17%.
  • S&P 500 futures +.24%
  • NASDAQ 100 futures +.37%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (MMM)/2.23
  • (ARCH)/5.64
  • (ADM)/.89
  • (AWI)/1.28
  • (CIT)/1.17
  • (GLW)/.58
  • (LLY)/1.96
  • (GE)/.44
  • (HAS)/1.70
  • (JNLU)/-.18
  • (LMT)/6.80
  • (NVS)/1.64
  • (PCAR)/1.20
  • (PII)/1.96
  • (PHM)/1.79
  • (RTX)/1.09
  • (SHW)/2.05
  • (UBS)/.45
  • (UPS)/2.55
After the Close:
  • (AMD)/.66
  • (GOOG)/23.37
  • (BXP)/1.70
  • (BYD)/1.26
  • (CHRW)/1.41
  • (COF)/5.16
  • (CB)/2.30
  • (IEX)/1.59
  • (JNPR)/.46
  • (MANH)/.54
  • (MSFT)/2.08
  • (NCR)/.64
  • (HOOD)/-.20
  • (TER)/1.43
  • (TXN)/2.08
  • (TWTR)/.18
  • (V)/1.54
Economic Releases
9:00 am EST
  • The FHFA House Price Index MoM for Aug. is estimated to rise +1.5% versus a +1.4% gain in July.
  • The S&P CoreLogic CS 20-City MoM for Aug. is estimated to rise +1.5% versus a +1.55% gain in July.
10:00 am EST
  • New Home Sales for Sept. is estimated to rise to 757K versus 740K the prior week.
  • The Conference Board Consumer Confidence Index for Oct. is estimated to fall to 108.5 versus 109.3 in Sept.
  • The Richmond Fed Manufacturing Index for Oct. is estimated to rise to 5.0 versus -3.0 in Sept.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The ECB Bank Lending Survey, $60B 2Y T-Note auction, weekly US retail sales reports and the (NVS) investor event 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 industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 100% net long heading into the day.

No comments: