Sunday, April 04, 2021

Monday Watch

Night Trading
  • Asian indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.75 unch.
  • China Sovereign CDS 32.75 unch.
  • Bloomberg Emerging Markets Currency Index 60.19 -.05%.
  • Bloomberg Global Risk-On/Risk Off Index 3,092.0 -52.0 points.
  • Volatility Index(VIX) futures 21.57 -2.1%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.57%.
  • NASDAQ 100 futures +.27%

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • The ISM Services Index for March is estimated to rise to 58.5 versus 55.5 in Feb.
  • Factory Orders for Feb. is estimated to fall -.5% versus a +2.6% gain in Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Japan Consumer Confidence Index and the (F) US sales conference call 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 mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 100% net long heading into the week.

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