Sunday, July 21, 2019

Monday Watch

Night Trading
  • Asian indices are -1.0% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 64.0 +.5 basis point.
  • China Sovereign CDS 43.0 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 67.76 -.08%.
  • FTSE 100 futures -.01%.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures -.08%.

Earnings of Note
Company/Estimate

Before the Open:
  • (HAL)/.30
  • (PETS)/.42
  • (CALM)/-.26
After the Close:
  • (BRO)/.28
  • (CE)/2.35
  • (CR)/1.56
  • (LOGI)/.25
  • (STLD)/.88
  • (AMTD)/.97
  • (WHR)/3.70
  • (ZION)/1.10
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for June is estimated to rise to .1 versus -.05 in May.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Japan Convenience Store Sales report could also impact trading today.
BOTTOM LINE: Asian indices are mostly lower, weighed down by industrial and financial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 75% net long heading into the week.

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