Sunday, January 29, 2023

Monday Watch

Today's Headlines

Bloomberg:                                
Wall Street Journal:
Fox News:
CNBC:
Zero Hedge:     
MarketWatch.com:          
NewsMax:
TheGatewayPundit.com:  
Twitter:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -.5% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 102.5 0 -.25 basis point.
  • China Sovereign CDS 48.75 -.75 basis point.
  • China Iron Ore Spot 128.7 USD/Metric Tonne +1.8%
  • Bloomberg Emerging Markets Currency Index 48.6 +.04%.
  • Bloomberg Global Risk-On/Risk Off Index 59.5 +.5%.
  • Bloomberg US Financial Conditions Index .35 -3.0 basis points. 
  • Volatility Index(VIX) futures 19.6 +1.2%. 
  • Euro Stoxx 50 futures -.12%.
  • S&P 500 futures -.20%.
  • NASDAQ 100 futures -.27%.

Earnings of Note
Company/Estimate

Before the Open:
  • (BEN)/.54
  • (HTLD)/.30
  • (SOFI)/-.08
After the Close:
  • (GGG)/.69
  • (HP)/.81
  • (NXPI)/3.63
  • (SANM)/1.38
  • (WHR)/3.29
Economic Releases
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for Jan. is estimated to rise to -15.5 versus -18.8 in Dec.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone Consumer Confidence report could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and commodity shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

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