Sunday, March 17, 2019

Monday Watch

Today's Headlines
Bloomberg:
  • Asia Stocks Set for Gains as Focus Turns to Fed. Stocks in Asia looked set for gains Monday after a positive finish to a strong week for U.S. stocks led global equities to a five-month high. Shares in Sydney climbed and futures late Friday pointed higher for Tokyo and Hong Kong after the S&P 500 Index posted its best week since November. Treasuries rose Friday with the 10-year yield falling below 2.6 percent on soft economic data. The dollar drifted as focus turned to the Federal Reserve, which will likely reinforce its policy-pause stance later this week. Australia’s S&P/ASX 200 Index rose 0.2 percent. Futures on Japan’s Nikkei 225 added 0.5 percent in Singapore trading. Hang Seng futures rose 0.4 percent. The S&P 500 rose 0.5 percent Friday. Futures dipped 0.1 percent.   
MarketWatch.com:
Night Trading
  • Asian indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 66.5 unch.
  • China Sovereign CDS 46.75 +.75 basis point.
  • Bloomberg Emerging Markets Currency Index 67.77 unch.
  • FTSE 100 futures n/a.
  • S&P 500 futures -.11%.
  • NASDAQ 100 futures -.10%.

Earnings of Note
Company/Estimate

Before the Open:
  • (LL)/.16
  • (OSTK)/.78
After the Close:
  • (HQY)/.22
  • (TLRY)/-.13
Economic Releases
10:00 am EST
  • The NAHB Housing Market Index for March is estimated to rise to 63.0 versus 62.0 in February.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Japan Industrial Production report and the Eurozone Trade Balance report could also impact trading today.
BOTTOM LINE: Asian indices are mostly 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 75% net long heading into the week.

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