Thursday, March 15, 2018

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 66.25+.75 basis point
  • Asia Pacific Sovereign CDS Index 11.5 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 75.09 -.05%.
  • FTSE 100 futures -.23%.
  • S&P 500 futures -.14%.
  • NASDAQ 100 futures -.13%.
Morning Preview Links

Earnings of Note
Company/Estimate

  • (BKE)/.72
  • (CTRN)/.44
  • (HIBB)/.45
  • (PERY)/.83
  • (TIF)/1.63
Economic Releases
8:30 am EST
  • Housing Starts for February is estimated to fall to 1290K versus 1326K in January.
  • Building Permits for February is estimated to fall to 1320K versus 1396K in January. 
9:15 am EST
  • Industrial Production MoM for February is estimated to rise +.4% versus a -.1% decline in January.
  • Manufacturing Production for February is estimated to rise +.5% versus unch. in January.
  • Capacity Utilization for February is estimated to rise to 77.7% versus 77.5% in January.
10:00 am EST
  • JOLTS Job Openings for January is estimated to rise to 5900 versus 5811 in December.
  • Preliminary Univ. of Mich. Consumer Sentiment for March is estimated to fall to 99.2 versus 99.7 in February.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone CPI report and the (UTX) analyst meeting could also impact trading today.
BOTTOM LINE:  Asian indices are mostly lower, weighed down by technology and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the day.

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