Thursday, November 23, 2017

Friday Watch

Night Trading 
  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 77.0 unch. 
  • Asia Pacific Sovereign CDS Index 15.50 unch.
  • Bloomberg Emerging Markets Currency Index 73.29 -.05%.
  • S&P 500 futures +.06%.
  • NASDAQ 100 futures -.05%.
Morning Preview Links

Earnings of Note
  • None of note
Economic Releases 
9:45 am EST
  • The Preliminary Markit US Manufacturing PMI is estimated to rise to 55.0 versus 54.6 in October.
  • The Preliminary Markit US Services PMI is estimated at 55.3 versus 55.3 in October.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The German IFO Guidance could also impact trading today.
BOTTOM LINE:  Asian indices are mostly lower, weighed down by commodity and financial shares in the region. I expect US stocks to open mixed and to rally into the close, finishing modestly higher.  The Portfolio is 100% net long heading into the day.

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