Monday, December 28, 2020

Tuesday Watch

Evening Headlines
Wall Street Journal:
Fox News:  
Zero Hedge:
The Epoch Times:
Daily Caller:
NTD News:
Night Trading 
  • Asian equity indices are unch. to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 57.75 +.25 basis point.
  • China Sovereign CDS 29.0 unch.
  • Bloomberg Emerging Markets Currency Index 62.68 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 1,492.0 +58.0 points.
  • Volatility Index(VIX) futures 23.50 -.74%
  • FTSE 100 futures +.91%.
  • S&P 500 futures +.26%.
  • NASDAQ 100 futures +.20%.
Morning Preview Links

Earnings of Note 
Before the Open: 
  • None of note
After the Close:
  • None of note
Economic Releases
9:00 am EST
  • The S&P CoreLogic CS 20-City MoM for Oct. is estimated to rise +1.0% versus a +1.27% gain in Sept.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The $59B 7Y T-Note auction and weekly US retail sales reports could also impact trading today.
Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

No comments: