Sunday, January 10, 2021

Monday Watch

Today's Headlines
Bloomberg:      
Wall Street Journal:
Fox News:
CNBC: 
Zero Hedge: 
NewsMax:   
TheGatewayPundit.com:
The Epoch Times:
ProtectTheVote.com: 
HereIsTheEvidence.com:
Digital Blackboard:
Worldometer:
Rt Covid-19:
KFF:
Night Trading
  • Asian indices are -.75% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 58.25 +1.25 basis points.
  • China Sovereign CDS 28.5 unch.
  • Bloomberg Emerging Markets Currency Index 62.47 -.14%.
  • Bloomberg Global Risk-On/Risk Off Index 2,070.0 +16.0 points.
  • Volatility Index(VIX) futures 25.2 +1.4%. 
  • Euro Stoxx 50 futures +.11%.
  • S&P 500 futures -.33%.
  • NASDAQ 100 futures -.22%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AZZ)/.68
  • (CMC)/.53
After the Close:
  • (SNX)/3.70
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Inflation Data report, 3Y T-Note auction, JPMorgan Healthcare Conference, Needham Growth Conference, CES 2021, Morgan Stanley Auto Conference and the (ZS) analyst day 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 industrial and consumer shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 50% net long heading into the week.

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