Tuesday, October 19, 2021

Wednesday Watch

Night Trading 

  • Asian equity indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 83.75 -1.5 basis points.
  • China Sovereign CDS 47.0 -.75 basis point.
  • Bloomberg Emerging Markets Currency Index 58.69 unch. 
  • Bloomberg Global Risk-On/Risk Off Index 3,604.0 +1.0 point.
  • Volatility Index(VIX) futures 19.6 +.4%.
  • FTSE 100 futures +.13%.
  • S&P 500 futures +.03%
  • NASDAQ 100 futures -.07%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ABT)/.94
  • (ANTM)/6.37
  • (ASML)/3.97
  • (BKR)/.21
  • (BIIB)/4.11
  • (CP)/.94
  • (CMA)/1.64
  • (KNX)/1.07
  • (LAD)/0.28
  • (MTB)/3.49
  • (NEE)/.72
  • (VZ)/1.36
  • (WGO)/2.05
After the Close:
  • (CCI)/1.71
  • (CSX)/.38
  • (DFS)/3.38
  • (GGG)/.63
  • (IBM)/2.52
  • (KMI)/.25
  • (LRCX)/8.20
  • (LSTR)2.53
  • (LVS)/-.23
  • (THC)/.98
  • (TSLA)/1.57
  • (VMI)/2.47
Economic Releases
2:00 pm EST
  • US Fed's Beige Book report.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Quarles speaking, PBOC rate decision, 20Y T-Bond auction, weekly MBA Mortgage Applications report, (HPQ) analyst meeting, (EAT) investor day and the (RIO) investor seminar 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 financial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 100% net long heading into the day.

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