Thursday Watch

Night Trading 

• Asian equity indices are -1.25% to -.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 103.5 +3.75 basis points. 

• China Sovereign CDS 63.75 +3.0 basis points.
  

• Bloomberg Emerging Markets Currency Index 53.38 +.02%. 
• Bloomberg Global Risk-On/Risk Off Index 4,313.0 -56.0 points.
• Volatility Index(VIX) futures 25.6 +.9%.
• Euro Stoxx 50 futures -.16%.

• S&P 500 futures -.25%.

• NASDAQ 100 futures -.21%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (ANGO)/-.01
• (APOG)/.72
• (CAG)/.58
• (STZ)/2.12
  

After the Close:

• (PSMT)/.99
• (WDFC)/1.02
  

Economic Releases

8:30 am EST

• Initial Jobless Claims are estimated to fall to 200K versus 202K the prior week.
• Continuing Claims are estimated to fall to 1302K versus 1307K prior.
  

3:00 pm EST

• Consumer Credit for Feb. is estimated to rise to $18.1B versus $6.838B in Jan.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Bullard speaking, Fed's Bostic speaking, Fed's Evans speaking, German Industrial Production report, weekly EIA natural gas inventory report, (ACN) investor conference and the (CRWD) investor briefing could also impact global trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are lower, weighed down by technology and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.