Thursday, April 12, 2018

Friday Watch

Night Trading 
  • Asian equity indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 76.75 unch
  • Asia Pacific Sovereign CDS Index 12.5 unch.
  • Bloomberg Emerging Markets Currency Index 74.58 +.04%.
  • FTSE 100 futures -.11%.
  • S&P 500 futures -.28%.
  • NASDAQ 100 futures -.27%.
Morning Preview Links

Earnings of Note
  • (C)/1.60
  • (JPM)/2.29
  • (WFC)/1.07
Economic Releases
10:00 am EST
  • JOLTS Job Openings for February are estimated to fall to 6000 versus 6312 in January.
  • Preliminary Univ. of Mich. Consumer Sentiment for April is estimated to fall to 100.5 versus 101.4 in March.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Kaplan speaking, Fed's Bullard speaking, Fed's Rosengren speaking and the China Trade Data report could also impact trading today.
BOTTOM LINE:  Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the day.

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