Thursday, March 08, 2018

Friday Watch

Night Trading 
  • Asian equity indices are unch. to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 66.75 -2.5 basis points
  • Asia Pacific Sovereign CDS Index 12.0 unch.
  • Bloomberg Emerging Markets Currency Index 75.22 -.02%.
  • FTSE 100 futures +.03%.
  • S&P 500 futures -.09%.
  • NASDAQ 100 futures -.01%.
Morning Preview Links

Earnings of Note
Company/Estimate
  • (AMWD)/.96
  • (BIG)/2.42
  • (PRTY)/.80
Economic Releases
8:30 am EST
  • The Change in Non-Farm Payrolls for February is estimated at 205K versus 200K in January.
  • The Unemployment Rate for February is estimated at 4.0% versus 4.1% in January. 
  • Average Hourly Earnings MoM for February is estimated to rise +.2% versus a +.3% gain in January.
10:00 am EST
  • Wholesale Trade Sales MoM for January.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Evans speaking, China Inflation report and the Eurozone Industrial Production report could also impact trading today.
BOTTOM LINE:  Asian indices are higher, boosted by technology 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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