Sunday, August 23, 2020

Monday Watch

Today's Headlines
Bloomberg:     
Wall Street Journal:
Fox News:
CNBC:
Zero Hedge:
MarketWatch.com: 
Business Insider:
Night Trading
  • Asian indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 64.0 -1.0 basis point.
  • China Sovereign CDS 38.0 -1.5 basis points.
  • Bloomberg Emerging Markets Currency Index 60.00 -.06%.
  • FTSE 100 futures +.39%.
  • S&P 500 futures +.18%.
  • NASDAQ 100 futures +.22%.

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • (HTZ)/-3.48
  • (PANW)/1.39
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for July is estimated to fall to 3.69 versus 4.11 in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Mexican Inflation Rate and the BMO Capital Markets Tech Summit could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

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