Monday, January 18, 2021

Tuesday Watch

Today's Headlines
Wall Street Journal:
Fox News:
Zero Hedge: 
NBC 10 Philadelphia:
  • These Are the Companies Taking a Stand on the U.S. Capitol Protest by Pulling Their Political Donations. Many of the country's biggest companies across industry sectors, from Ford Motor Co. to Airbnb to Boston Scientific, announced suspensions of all PAC donations. The list of companies pledging change, which continues to grow, included the financial services companies JPMorgan Chase, Goldman Sachs and Citigroup and the tech behemoths Microsoft, Facebook and Google. A host of other large companies, including Delta Air Lines, Wells Fargo, Walmart and Bank of America, said they would take the unprecedented events of last week into account when considering future political donations.
The Epoch Times:
Digital Blackboard:
Rt Covid-19:
Night Trading
  • Asian indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.25 +1.75 basis points.
  • China Sovereign CDS 32.25 +1.75 basis points.
  • Bloomberg Emerging Markets Currency Index 62.42 +.08%.
  • Bloomberg Global Risk-On/Risk Off Index 1,970.0 +61.0 points.
  • Volatility Index(VIX) futures 25.4 -2.33%. 
  • Euro Stoxx 50 futures +.47%.
  • S&P 500 futures +.51%.
  • NASDAQ 100 futures +.53%.

Earnings of Note

Before the Open:
  • (BAC)/.54
  • (SCHW)/.66
  • (CMA)/1.18
  • (GS)/7.36
  • (HAL)/.14
  • (HTLD)/.22
  • (LOGI)/1.26
  • (PETS)/.38
  • (STT)/1.55
After the Close:
  • (IBKR)/.58
  • (JBHT)/1.31
  • (NFLX)/1.40
  • (PNFP)/1.35
  • (ZION)/1.03
Economic Releases
4:00 pm EST
  • Net Long-Term TIC Flows for Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Germany Inflation data report, BofA Energy/Battery/Storage Conference and the Jefferies Restaurant/Foodservice/Gaming/Lodging/Leisure Summit could also impact trading today.
Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 75% net long heading into the week.

No comments: