Monday, February 08, 2021

Tuesday Watch

Evening Headlines
Wall Street Journal: 
CNBC.com:
MarketWatch.com:    
Zero Hedge:
Newsmax:
TheGatewayPundit.com:
The Epoch Times:
Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 57.75 -.75 basis point.
  • China Sovereign CDS 29.5 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 62.67 +.02%.
  • Bloomberg Global Risk-On/Risk Off Index 2,416.0 +7.0 points.
  • Volatility Index(VIX) futures 26.7 +.5%.
  • FTSE 100 futures unch.
  • S&P 500 futures -.06%.
  • NASDAQ 100 futures -.16%.
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (DD)/.85
  • (FOXA)/-.06
  • (IT)/.82
  • (GT)/.16
  • (HAIN)/.30
  • (IIVI)/.90
  • (INCY)/.77
  • (JLL)/3.93
  • (MLM)/2.25
  • (MAS)/.74
  • (MYGN)/-.12
  • (RCL)/-5.19
  • (SEE)/.79
  • (VSH)/.29
After the Close:
  • (AKAM)/1.31
  • (CSCO)/.75
  • (LYFT)/-.68
  • (MAT)/.23
  • (NCR)/.62
  • (OI)/.34
  • (PAA)/.34
  • (THC)/1.75
  • (TWTR)/.31
  • (YELP)/.32
Economic Releases
6:00 am EST
  • The NFIB Small Business Optimism Index for Jan. is estimated to rise to 96.8 versus 95.9 in Dec.
10:00 am EST
  • JOLTS Job Openings for Dec. is estimated to fall to 6400 versus 6527 in Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The $58B 3Y T-Note auction, weekly US retail sales reports, Stifel Transport/Logistics Conference, Cowen Aerospace/Defense/Industrials Conference,  could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted 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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