Monday, April 05, 2021

Tuesday Watch

Evening Headlines 


Wall Street Journal:
Fox News:
Zero Hedge:
Night Trading 
  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 63.25 -.5 basis point.
  • China Sovereign CDS 32.75 unch.
  • Bloomberg Emerging Markets Currency Index 60.44 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 3,176.0 +1.0 point.
  • Volatility Index(VIX) futures 21.5 +.04%.
  • FTSE 100 futures +.94%.
  • S&P 500 futures -.02%.
  • NASDAQ 100 futures +.13%.
Morning Preview Links

Earnings of Note 
Before the Open: 
  • (GBX)/-.37
  • (LNN)/.86
  • (PAYX)/.92
After the Close:
  • (PACW)/.91
Economic Releases
10:00 am EST
  • JOLTS Job Openings for Feb. is estimated to fall to 6900 versus 6917 in Jan.
Upcoming Splits
  • (AVNW) 2-for-1
Other Potential Market Movers
  • The China Services PMI report, RBA rate decision, Eurozone Retail Sales report, weekly US retail sales reports, Wells Fargo Biotech Corporate Access Day and the (AMAT) investor meeting could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and technology 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 day.

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