Sunday, December 20, 2020

Monday Watch

Today's Headlines
Wall Street Journal:
Fox News:
Zero Hedge:    
The Epoch Times:
Daily Caller:
Digital Blackboard:
Rt Covid-19:
Night Trading
  • Asian indices are -.75% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 56.75 unch.
  • China Sovereign CDS 27.5 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 62.71 -.06%.
  • Bloomberg Global Risk-On/Risk Off Index 1,430.0 -27.0 points.
  • Volatility Index(VIX) futures 24.45 +1.14%. 
  • Euro Stoxx 50 futures -1.39%.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures +.26%.

Earnings of Note

Before the Open:
  • (FDS)/2.74
After the Close:
  • (HEI)/.41
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Australia retail sales report and the $21B 19Y 10 month Treasury auction could also impact trading today.
Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly lower, weighed down 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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