Wednesday, March 10, 2021

Thursday Watch

Evening Headlines
Wall Street Journal:
Fox News:          
Zero Hedge:
The Epoch Times:
Night Trading 
  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.0 -.5 basis point.
  • China Sovereign CDS 33.75 -.5 basis points.
  • Bloomberg Emerging Markets Currency Index 61.24 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 2,770.0 +43.0 points.
  • Volatility Index(VIX) futures 26.45 -.04%.
  • FTSE 100 futures +.01%.
  • S&P 500 futures +.09%.
  • NASDAQ 100 futures +.03%.
Morning Preview Links

Earnings of Note 
Before the Open: 
  • (CCL)/-1.69
  • (GCO)/1.96
  • (JD)/1.19
  • (FIZZ)/.39
After the Close:
  • (DOCU)/.13
  • (LOCO)/.165
  • (ULTA)/2.37
  • (ZUMZ)/1.63
Economic Releases
8:30 am EST
  • Initial Jobless Claims for last week are estimated to fall to 725K versus 745K the prior week.
  • Continuing Claims are estimated to fall to 4200K versus 4295K prior.
10:00 am EST
  • JOLTS Job Openings for Jan. is estimated to rise to 6650 versus 6646 in Dec.
12:00 pm EST
  • Household Change in Net Worth.
Upcoming Splits
  • (VRNS) 3-for-1
Other Potential Market Movers
  • The ECB meeting, 30Y T-Bond auction, Langer Consumer Comfort, weekly EIA Natural Gas Inventory report, DA Davidson Consumer Growth Conference, Loop Capital Consumer/Industrials/TMT Investor Conference and the (DGX) investor day could also impact trading today.
Market Hours
  • 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 mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.

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