Tuesday, December 26, 2017

Wednesday Watch

Night Trading 
  • Asian equity indices are .unch to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 68.0 -.25 basis point
  • Asia Pacific Sovereign CDS Index 13.5 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 73.87 unch.
  • S&P 500 futures +.02%.
  • NASDAQ 100 futures +.03%.
Morning Preview Links

Earnings of Note

  • None of note
Economic Releases
10:00 am EST
  • The Conference Board Consumer Confidence report for December is estimated to fall to 128.0 versus 129.5 in November.
  • Pending Home Sales MoM for November are estimated to fall -.5% versus a +3.5% gain in October.
Upcoming Splits
  • (GGG) 3-for-1
  • (NEOG) 4-for-3
Other Potential Market Movers
  • The China Industrial Profits report, $24B 5Y T-Note auction and the US weekly retail sales reports could also impact trading today.
BOTTOM LINE:  Asian indices are slightly higher, boosted by commodity and industrial 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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