Thursday, October 08, 2020

Friday Watch

Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 67.25 -2.75 basis points.
  • China Sovereign CDS 40.5 -2.5 basis points.
  • Bloomberg Emerging Markets Currency Index 59.48 +.09%.
  • Bloomberg Global Risk-On/Risk Off Index 257.0 -67.0 points.
  • Volatility Index(VIX) futures 30.25 -.58%
  • FTSE 100 futures +.09%.
  • S&P 500 futures +.38%.
  • NASDAQ 100 futures +.26%.
Morning Preview Links

Earnings of Note 
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • Wholesale Trade Sales MoM for Aug. 
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK GDP report and Bloomberg Oct. US Economic Survey could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finished modestly higher. The Portfolio is 75% net long heading into the day.

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