Thursday, June 24, 2021

Friday Watch

Evening Headlines
Bloomberg:            
Wall Street Journal:
Fox News:
CNBC.com:
 MarketWatch.com:       
Zero Hedge: 
Newsmax:
Night Trading 
  • Asian equity indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 83.5 -1.0 basis point.
  • China Sovereign CDS 35.75 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 60.82 +.06%.
  • Bloomberg Global Risk-On/Risk Off Index 3,247.0 -140.0 points.
  • Volatility Index(VIX) futures 18.15 -.09%.
  • FTSE 100 futures +.09%.
  • S&P 500 futures +.05%.
  • NASDAQ 100 futures -.1%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (APOG)/.37
  • (KMX)/1.64
  • (JKS)/-.01
  • (PAYX)/.67
After the Close:
  • None of note
Economic Releases
8:30 am EST
  • Personal Income for May is estimated to fall -2.5% versus a -13.1% decline in April.
  • Personal Spending for May is estimated to rise +.4% versus a +.5% gain in April.
  • The PCE Core MoM for May is estimated to rise +.6% versus a +.7% gain in April.
Upcoming Splits
  • (CSGP) 10-1
  • (CSX) 3-1
Other Potential Market Movers
  • The Japan CPI report could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by commodity and technology 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 day.

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