Monday, March 01, 2021

Tuesday Watch

Night Trading 
  • Asian equity indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 59.0 -1.0 basis point.
  • China Sovereign CDS 30.0 +1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 61.68 -.15%.
  • Bloomberg Global Risk-On/Risk Off Index 2,672.0 -7.8 points.
  • Volatility Index(VIX) futures 27.1 +.66%.
  • FTSE 100 futures -.24%.
  • S&P 500 futures -.33%.
  • NASDAQ 100 futures -.23%.
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ANF)/1.22
  • (AZO)/12.39
  • (IGT)/-.04
  • (KSS)/1.04
  • (LL)/.50
  • (SE)/-.75
  • (TGT)/2.54
After the Close:
  • (AMC)/-3.49
  • (BGS)/.43
  • (BOX)/.11
  • (FUBO)/-.67
  • (HPE)/.41
  • (JWN)/.23
  • (ROST)/1.00
  • (URBN)/.27
Economic Releases
 
Afternoon
  • Wards Total Vehicle Sales for Feb. are estimated to fall to 16.0M versus 16.63M in Jan.
Upcoming Splits
  • (APH) 2-for-1
Other Potential Market Movers
  • The Fed's Brainard speaking, weekly US retail sales reports and the German Retail Sales report 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 modestly higher. The Portfolio is 75% net long heading into the day.

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