Tuesday Watch

Night Trading 

• Asian equity indices are -.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 58.25 +1.25 basis points.

• China Sovereign CDS 29.5 +.75 basis point.

• Bloomberg Emerging Markets Currency Index 62.75 +.08%.
• Bloomberg Global Risk-On/Risk Off Index 2,692.0 +19.0 points.
• Volatility Index(VIX) futures 25.45 -1.75%.
• FTSE 100 futures +.08%.

• S&P 500 futures +.34%.

• NASDAQ 100 futures +.55%.

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (AWI)/.67
• (BCO)/1.01
• (CBRL)/.75
• (HD)/2.37
• (LDOS)/1.61
• (M)/.12
• (MDT)/1.15
  

After the Close:

• (COG)/.20
• (DDS)/2.65
• (FLS)/.53
• (INTU)/.67
• (JAZZ)/4.20
• (MCFE)/.31
• (MELI)/.14
• (MYGN)/-.12
• (PXD)/.70
• (RRGB)/-1.08
• (SQ)/.24
• (SUM)/.17
• (TOL)/.46
  

Economic Releases

9:00 am EST

• The House Price Purchase Index for 4Q.
• The FHFA House Price Index MoM for Dec. is estimated to rise +1.0% versus a +1.0% gain in Nov.
• The S&P CoreLogic CS 20-City MoM for Dec. is estimated to rise +1.2% versus a +1.42% gain in Nov.
  

10:00 am EST

• The Conference Board Consumer Confidence Index for Feb. is estimated to rise to 90.0 versus 89.3 in Jan.
• The Richmond Fed Manufacturing Index for Feb. is estimated to rise to 16.0 versus 14.0 in Jan. 

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Powell testimony to Senate, $2Y $60B T-Note auction, UK Unemployment report, Eurozone Inflation data, weekly US retail sales reports, Senate Intel Heading on SolarWinds hack, Keefe Bruyette Woods Payments Finance/FinTech Conference, UBS Chemicals Conference, (CG) investor day and the (SNAP) investor day could also impact trading today.

Market Hours
Normal:

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.