Sunday, January 31, 2021

Monday Watch

Today's Headlines
Bloomberg: 
Wall Street Journal:
Fox News:
CNBC: 
Zero Hedge: 
NewsMax: 
TheGatewayPundit.com:
Night Trading
  • Asian indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.5 +2.25 basis points.
  • China Sovereign CDS 32.50 +.75 basis point.
  • Bloomberg Emerging Markets Currency Index 62.15 +.11%.
  • Bloomberg Global Risk-On/Risk Off Index 1,178.0 +34.0 points.
  • Volatility Index(VIX) futures 32.55 +.40%. 
  • Euro Stoxx 50 futures -.17%.
  • S&P 500 futures -56%.
  • NASDAQ 100 futures -.71%.

Earnings of Note
Company/Estimate

Before the Open:
  • (ON)/.28
  • (TMO)/3.88
  • (OTIS)/.59
After the Close:
  • (CRUS)/1.86
  • (FN)/1.04
  • (KMT)/.09
  • (NXPI)/2.11
  • (VRTX)/2.58
Economic Releases
10:00 am EST
  • Construction Spending MoM for Dec. is estimated to rise +.8% versus a +.9% gain in Nov.
  • ISM Manufacturing for Jan. is estimated to fall to 60.0 versus 60.7 in Dec.
  • ISM Prices Paid for Jan. is estimated to fall to 76.0 versus 77.6 in Dec.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PMI report and the RBA rate decision could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by metals & mining and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.

No comments: