Sunday, March 14, 2021

Monday Watch

Today's Headlines
Wall Street Journal:
Fox News:
Zero Hedge:  
Night Trading
  • Asian indices are unch. to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 61.5 +1.0 basis point.
  • China Sovereign CDS 32.5 +.75 basis point.
  • Bloomberg Emerging Markets Currency Index 61.39 -.03%.
  • Bloomberg Global Risk-On/Risk Off Index 3,023.0 -6.0 points.
  • Volatility Index(VIX) futures 25.45 +.15%. 
  • Euro Stoxx 50 futures +.42%.
  • S&P 500 futures +.27%.
  • NASDAQ 100 futures +.30%

Earnings of Note

Before the Open:
  • None of note
After the Close:
  • (HQY)/.40
Economic Releases
8:30 am EST
  • Empire Manufacturing for March is estimated to rise to 14.5 versus 12.1 in Feb. 
4:00 pm EST
  • Net Long-Term TIC Flows.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The JPMorgan Industrials Conference, India Trade Balance report, (LLY) business update and the Roth Capital Growth Stock Conference could also impact trading today.
Market Hours
  • 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 mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

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