Sunday, April 11, 2021

Monday Watch

Today's Headlines
Wall Street Journal:
Fox News:
Zero Hedge: 
Night Trading
  • Asian indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 71.0 +.75 basis point.
  • China Sovereign CDS 38.0 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 60.47 unch.
  • Bloomberg Global Risk-On/Risk Off Index 3,211.0 +4.0 points.
  • Volatility Index(VIX) futures 20.92 +.45%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.14%.
  • NASDAQ 100 futures -.26%

Earnings of Note

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
2:00 pm EST
  • The Monthly Budget Deficit for March is estimated to widen to -$660.0B versus -$310.9B in Feb.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The German ZEW Index, 10Y T-Note auction, 3Y T-Note auction, Needham Healthcare Conference, (SIG) investor event and the (NVDA) investor day could also impact trading today.
US Equity 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 modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 100% net long heading into the week.

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