Thursday, November 19, 2020

Friday Watch

 Night Trading 

  • Asian equity indices are -.5% to +.25 on average.
  • Asia Ex-Japan Investment Grade CDS Index 62.5 +2.0 basis points.
  • China Sovereign CDS 32.75 +.75 basis point.
  • Bloomberg Emerging Markets Currency Index 61.41 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 1,031.0 +15.0 points.
  • Volatility Index(VIX) futures 24.95 +1.94%
  • FTSE 100 futures +.18%.
  • S&P 500 futures -.64%.
  • NASDAQ 100 futures -.12%.
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (BKE)/.55
  • (FL)/.62
  • (HIBB)/.45
  • (JKS)/.85
After the Close:
  • None of note
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone Consumer Confidence Index could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.

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