Sunday, February 05, 2023

Monday Watch

Today's Headlines

Bloomberg:                                
Wall Street Journal:
Fox News:
CNBC:
Zero Hedge:    
MarketWatch.com:           
TheGatewayPundit.com:  
Twitter:
OpenVAERS:
SKirsch.com:
Night Trading
  • Asian indices are -1.25% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.5  +1.75 basis points.
  • China Sovereign CDS 50.75 +2.5 basis points.
  • China Iron Ore Spot 121.7 USD/Metric Tonne -2.53%
  • Bloomberg Emerging Markets Currency Index 48.33 -.15%.
  • Bloomberg Global Risk-On/Risk Off Index 58.2 +.54%.
  • Bloomberg US Financial Conditions Index .43 -5.0 basis points. 
  • Volatility Index(VIX) futures 20.6 +.26%. 
  • Euro Stoxx 50 futures -.49%.
  • S&P 500 futures -.27%.
  • NASDAQ 100 futures -.35%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AMG)/6.95)
  • (CNA)/.94
  • (CMI)/4.52
  • (ENR)/.76
  • (IDXX)/1.94
  • (NBIX)/1.44
  • (ON)/1.26
  • (TSN)/1.39
After the Close:
  • (ATVI)/1.51
  • (CHGG)/.38
  • (FN)/1.87
  • (LEG)/.48
  • (PINS)/.27
  • (POWI)/.46
  • (RMBS)/.47
  • (SPG)/3.13
  • (SWKS)/2.60
  • (SAVE)/.03
  • (TTWO)/.88
Economic Releases
8:30 am EST
  • The Trade Deficit for Dec. is estimated to widen to -$68.5B versus -$61.5B in Nov.
3:00 pm EST
  • Consumer Credit for Dec. is estimated to fall to $25.0B versus $27.962B in Nov.
Upcoming Splits
  • (PCAR) 3-for-2
Other Potential Market Movers
  • The German Factory Orders report could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology 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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