Thursday, December 22, 2016

Friday Watch

Night Trading 
  • Asian equity indices are -.50% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 161.75 -4.75 basis points.
  • Asia Pacific Sovereign CDS Index 37.5 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 69.50 -.01%
  • S&P 500 futures +.03%. 
  • NASDAQ 100 futures -.04%.
Morning Preview Links

Earnings of Note

  • None of note
Economic Releases
10:00 am EST
  • New Home Sales for November are estimated to rise to 575K versus 563K in October.
  • Final Univ. of Mich. Consumer Sentiment for December is estimated at 98.0 versus a prior estimate of 98.0. 
Upcoming Splits 
  • None of note
Other Potential Market Movers
  • The German GfK report could also impact trading today.
BOTTOM LINE:  Asian indices are mostly lower, weighed down by financial 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 50% net long heading into the day.

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