Sunday, March 07, 2021

Monday Watch

Today's Headlines
Bloomberg:    
Wall Street Journal:
Fox News:
CNBC:  
Zero Hedge: 
NewsMax:   
TheGatewayPundit.com:
Night Trading
  • Asian indices are +.5% to +1.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 61.0 +.25 basis point.
  • China Sovereign CDS 32.75 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 61.0 +.08%.
  • Bloomberg Global Risk-On/Risk Off Index 2,699.0 +33.0 points.
  • Volatility Index(VIX) futures 27.0 -.78%. 
  • Euro Stoxx 50 futures +1.31%.
  • S&P 500 futures +.37%.
  • NASDAQ 100 futures +.05%

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • (CASY)/.99
  • (SFIX)/-.21
Economic Releases
10:00 am EST
  • Wholesale Trade Sales for Jan. 
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone Industrial Production report, Citi Property CEO Conference, Deutsche Bank Media/Internet/Telecom Conference and the (CI) investor day could also impact trading today.
Market Hours
Normal:
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by commodity and industrial shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the week.

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