Sunday, June 27, 2021

Monday Watch

Today's Headlines
Bloomberg:           
Wall Street Journal:
Fox News:  
CNBC:
Zero Hedge: 
MarketWatch.com:      
NewsMax:   
TheGatewayPundit.com:
Night Trading
  • Asian indices are -.50% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 83.25 -1.0 basis point.
  • China Sovereign CDS 35.5 -2.0 basis points.
  • Bloomberg Emerging Markets Currency Index 60.75 -.06%.
  • Bloomberg Global Risk-On/Risk Off Index 3,480.0 -1.0 point.
  • Volatility Index(VIX) futures 17.69 -.07%. 
  • Euro Stoxx 50 futures -.06%.
  • S&P 500 futures +.03%.
  • NASDAQ 100 futures -.01%

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • (MLHR)/.39
Economic Releases
10:30 am EST
  • The Dallas Fed Manufacturing Activity Index for June is estimated to fall to 32.5 versus 34.9 in May.
Upcoming Splits
  • (CSX) 3-for-1
Other Potential Market Movers
  • The Fed's Quarles speaking, Fed's Williams speaking, Japan Retail Sales report and the Mobile World Congress could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are slightly lower, weighed down by metals/mining and consumer 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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