Monday, July 17, 2017

Tuesday Watch

Night Trading 
  • Asian equity indices are -.5% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 84.75 -.5 basis point. 
  • Asia Pacific Sovereign CDS Index 21.75 unch.
  • Bloomberg Emerging Markets Currency Index 73.56 +.16%.
  • S&P 500 futures -.09%.
  • NASDAQ 100 futures -.03%.
Morning Preview Links

Earnings of Note
Company/Estimate
  • (ANGO)/.16
  • (BAC)/.44
  • (SCHW)/.39
  • (CMA)/1.09
  • (GS)/3.39
  • (HOG)/1.38
  • (JNJ)/1.79
  • (LMT)/3.07
  • (NVS)/1.18
  • (PGR)/.60
  • (AMTD)/.42
  • (UNH)/2.38
  • (CSX)/.59
  • (IBM)/2.75
  • (IBKR)/.36
  • (UAL)/2.62
Economic Releases 
8:30 am EST
  • The Import Price Index MoM for June is estimated to fall -.2% versus a -.3% decline in May.
  • The Export Price Index MoM for June is estimated unch. versus a -.7% decline in May.
10:00 am EST
  • The NAHB Housing Market Index for July is estimated at 67.0 versus 67.0 in June.
4:00 pm EST
  • Net Long-Term Tic Flows for May.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK CPI report and the US weekly retail sales reports could also impact trading today.
BOTTOM LINE:  Asian indices are mostly lower, weighed down by industrial and commodity shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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