Sunday, November 22, 2020

Monday Watch

Today's Headlines
Bloomberg:       
Wall Street Journal:
Fox News:
CNBC:
Zero Hedge: 
  MarketWatch.com:
NewsMax:
OANN:
@kylenabecker:
ProtectTheVote.com: 
HereIsTheEvidence.com:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
  • Asian indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.0 +.5 basis point.
  • China Sovereign CDS 33.25 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 61.27 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 919.0 -2.0 points.
  • Volatility Index(VIX) futures 24.25 -.51%. 
  • Euro Stoxx 50 futures +.38%.
  • S&P 500 futures +.28%.
  • NASDAQ 100 futures +.3%.

Earnings of Note
Company/Estimate

Before the Open:
  • (KFY)/.06
  • (WMG)/.04
After the Close:
  • (A)/.93
  • (AMBA)/.05
  • (URBN)/.44
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for Oct.
9:45 am EST
  • The Markit US Manufacturing PMI report for Nov. is estimated to fall to 53.0 versus 53.4 in Oct.
  • The Markit US Services PMI report for Nov. is estimated to fall to 55.0 versus 56.9 in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PMI report, UK PMI report and the 2/5Y T-Note auctions 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 commodity shares in the region. I expect US stocks to open higher and to weaken into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

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