Friday, June 08, 2018

Friday Watch

Night Trading 
  • Asian equity indices are -1.0% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 78.0 +.75 basis point
  • Asia Pacific Sovereign CDS Index 13.0 unch.
  • Bloomberg Emerging Markets Currency Index 70.88 -.04%.
  • FTSE 100 futures -.41%.
  • S&P 500 futures -.10%.
  • NASDAQ 100 futures -.25%.
Morning Preview Links

Earnings of Note
Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • Wholesale Trade Sales MoM for April.
Upcoming Splits
  • (PFBI) 5-for-4
Other Potential Market Movers
  • The China Trade Data report, the Bloomberg June US Economic Survey and the G-7 Meetings could also impact trading today.
BOTTOM LINE:  Asian indices are 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 75% net long heading into the day.

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