Night Trading
- Asian equity indices are +.75% to +1.5% on average.
- Asia Ex-Japan Investment Grade CDS Index 54.75 -4.0 basis points.
- China Sovereign CDS 31.25 -3.25 basis points.
- Bloomberg Emerging Markets Currency Index 66.64 +.07%.
- FTSE 100 futures +.39%.
- S&P 500 futures +.11%.
- NASDAQ 100 futures +.16%.
Earnings of Note
Company/Estimate
Before the Open:
- (AYI)/2.21
- (AZZ)/.80
- (LNN)/.55
After the Close:
- (JEF)/.23
- (KBH)/1.30
- (PSMT)/.69
- (SNX)/3.52
- (WDFC)/.99
Economic Releases
8:30 am EST
- Initial Jobless Claims for last week are estimated to fall to 220K versus 222K the prior week.
- Continuing Claims are estimated to fall to 1720K versus 1728K prior.
Upcoming Splits
- None of note
Other Potential Market Movers
- The Fed's Clarida speaking, Fed's Bullard speaking, weekly Bloomberg Consumer Comfort Index, $16B 30Y T-Bond auction, Australia Retail Sales report, BofA Merrill Aerospace/Defense Outlook Conference, (CASY) investor day and the (MNST) Investor Conference could also impact trading today.
Market Hours
Normal:
- 9:30 am - 4:00 pm EST
BOTTOM LINE:
Asian indices are 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 100% net long
heading into the day.
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