Monday, January 11, 2021

Tuesday Watch

Evening Headlines
Wall Street Journal:
Fox News:       
Zero Hedge:
The Epoch Times:
Night Trading 
  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 60.75 +3.75 basis points.
  • China Sovereign CDS 30.0 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 62.0 -.08%.
  • Bloomberg Global Risk-On/Risk Off Index 1,963.0 +60.0 points.
  • Volatility Index(VIX) futures 25.9 -1.05%.
  • FTSE 100 futures -.03%.
  • S&P 500 futures +.03%.
  • NASDAQ 100 futures +.08%.
Morning Preview Links

Earnings of Note 
Before the Open: 
  • (ACI)/.28
After the Close:
  •  (KBH)/.93
Economic Releases
6:00 am EST
  • Small Business Optimism for Dec. is estimated to fall to 100.2 versus 101.4 in Nov.
10:00 am EST
  • JOLTS Job Openings for Nov. is estimated to fall to 6400 versus 6652 in Oct .
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Brainard speaking, UK Trade Balance report, $38B 10Y T-Note auction, US weekly retail sales reports, UBS Infrastructure/Energy Conference, JPMorgan Tech/Auto Forum at CES and the Goldman Tech/Internet Conference could also impact trading today.
Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and consumer 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 day.

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