Sunday, September 25, 2022

Monday Watch

Today's Headlines

Bloomberg:               
Wall Street Journal:
Barron's:
  • Had bullish commentary on (HUM), (UNH), (EW), (PODD), (ABMD), (ABBV), (HZNP), (APA), (GNRC) and (F).
Fox News:
CNBC:
Zero Hedge:
MarketWatch.com:         
NewsMax:
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -2.0% to -1.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 165.5 +8.25 basis points.
  • China Sovereign CDS 104.5 +7.75 basis points.
  • Bloomberg Emerging Markets Currency Index 47.57 -.09%.
  • Bloomberg Global Risk-On/Risk Off Index 44.4 +1.5%.
  • Bloomberg US Financial Conditions Index -1.14 -12.0 basis points 
  • Volatility Index(VIX) futures 30.3 +1.3%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.17%.
  • NASDAQ 100 futures -.26%.

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for Aug.
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for Sept. is estimated to rise to -12.0 versus -12.9 in July.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Mester speaking, German IFO Guidance report and the 2Y T-Note auction could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by commodity and industrial 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 week.

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