Monday, December 23, 2019

Tuesday Watch

Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 53.0 -1.5 basis points.
  • China Sovereign CDS 31.25 -1.25 basis points.
  • Bloomberg Emerging Markets Currency Index  66.25 +.08%.
  • FTSE 100 futures -.01%.
  • S&P 500 futures unch.
  • NASDAQ 100 futures -.04%.
Morning Preview Links

Earnings of Note 
Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases 
10:00 am EST
  • The Richmond Fed Manufacturing Index for Dec. is estimated at 1 versus -1 in Nov. 
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The $41B 5Y T-Note auction and the weekly UR retail sales reports could also impact trading today.
Market Hours
  • 9:30 am - 1:00 pm EST
BOTTOM LINE: Asian indices are slightly lower, weighed down by consumer 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 100% net long heading into the day.

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