Thursday, February 11, 2021

Friday Watch

Night Trading 

  • Asian equity indices are -.5% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 57.5 -.25 basis point.
  • China Sovereign CDS 29.5 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 63.02 -.02%.
  • Bloomberg Global Risk-On/Risk Off Index 2,542.0 -12.0 points.
  • Volatility Index(VIX) futures 26.90 +.78%.
  • FTSE 100 futures -.02%.
  • S&P 500 futures -.11%.
  • NASDAQ 100 futures -.05%.
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (AXL)/.26
  • (D)/.84
  • (MCO)/1.94
  • (NWL)/.48
After the Close:
  • None of note
Economic Releases
8:30 am EST
  • Univ. of Mich. Consumer Sentiment for Feb. is estimated to rise to 80.8 versus 79.0 in Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The (AZPN) investor day and the (JNPR) investor 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 technology and industrial shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

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