Monday, March 08, 2021

Tuesday Watch

Evening Headlines
Wall Street Journal:
Fox News:          
Zero Hedge:
The Epoch Times:
Night Trading 
  • Asian equity indices are -.5% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 64.5 +3.5 basis points.
  • China Sovereign CDS 35.5 +2.75 basis point.
  • Bloomberg Emerging Markets Currency Index 60.30 -.09%.
  • Bloomberg Global Risk-On/Risk Off Index 2,594.0 +32.0 points.
  • Volatility Index(VIX) futures 27.35 -1.14%.
  • FTSE 100 futures -.22%.
  • S&P 500 futures +.54%.
  • NASDAQ 100 futures +.68%.
Morning Preview Links

Earnings of Note 
Before the Open: 
  • (DKS)/2.31
  • (PLCE)/-.28
  • (THO)/1.58
After the Close:
  • (ABM)/.59
  • (AVAV)/.00
  • (HRB)/-1.29
  • (MDB)/-.39
Economic Releases
6:00 am EST
  • The NFIB Small Business Optimism Index for Feb. is estimated to rise to 97.0 versus 95.0 in Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China inflation data report, 3Y T-Note auction, weekly US retail sales reports, Barclays Healthcare Conference, UBS Consumer/Retail Conference, Truist Tech/Internet/Services Conference, RBC Financial Institutions Conference, Susquehanna Tech Conference, BofA Consumer/Retail Tech Conference, HC Wainwright Life Sciences Conference, (CVX) investor day and the (DKNG) 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 commodity and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

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