Monday, July 19, 2021

Tuesday Watch

Evening Headlines
Bloomberg:            
Wall Street Journal:
Fox News: 
CNBC.com:
MarketWatch.com:      
Zero Hedge:
Newsmax:
TheGatewayPundit.com:
Covid-19(Data, Maps, Graphs):
Night Trading 
  • Asian equity indices are -1.25% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 85.5 +1.0 basis point.
  • China Sovereign CDS 38.5 +1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 59.65 unch.
  • Bloomberg Global Risk-On/Risk Off Index 2,369.0 +18.0 points.
  • Volatility Index(VIX) futures 22.60 -4.5%.
  • FTSE 100 futures +.66%.
  • S&P 500 futures +.41%.
  • NASDAQ 100 futures +.46%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ALLY)/1.50
  • (BMI)/.46
  • (CIT)/.99
  • (HAL)/.23
  • (HCA)/3.16
  • (KEY)/.54
  • (MAN)/1.41
  • (PM)/1.55
  • (TRV)/2.38
After the Close:
  • (AIR)/.44
  • (CNI)/1.48
  • (CMG)/6.48
  • (IBKR)/1.06
  • (ISRG)/3.06
  • (NFLX)/3.15
  • (UAL)/-3.98
Economic Releases
8:30 am EST
  • Housing Starts for June is estimated to rise to 1590K versus 1572K in May.
  • Building Permits for June are estimated to rise to 1696K versus 1681K in May.
Upcoming Splits
  • (NVDA) 4-for-1
Other Potential Market Movers
  • The GFK Consumer Confidence report and the US weekly retail sales reports could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by commodity and financial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

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