Sunday, August 01, 2021

Monday Watch

Today's Headlines
Bloomberg:                       
Wall Street Journal:
Fox News: 
CNBC:
Zero Hedge: 
NewsMax:
TheGatewayPundit.com:
Night Trading
  • Asian indices are unch. to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 90.0 +1.0 basis point.
  • China Sovereign CDS 39.5 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 60.03 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 2,647.0 +30.0 points.
  • Volatility Index(VIX) futures 21.7 -1.6%. 
  • Euro Stoxx 50 futures +.43%.
  • S&P 500 futures +.48%.
  • NASDAQ 100 futures +.38%

Earnings of Note
Company/Estimate

Before the Open:
  • (CNA)/1.12
  • (GPN)/1.90
  • (ON)/.49
  • (TKR)/1.44
After the Close:
  • (ANET)/2.55
  • (BCC)/4.43
  • (COLM)/-.09
  • (EMN).2,33
  • (FANG)/2.19
  • (MOS)/.99
  • (NXPI)/2.32
  • (PXD)/2.54
  • (SBAC)/2.40
  • (SPG)/2.38
  • (TTWO)/.90
  • (RIG)/-.14
  • (TREX)/.53
  • (VNO)/.71
  • (WMB)/.28
Economic Releases
10:00 am EST
  • Construction Spending MoM for June is estimated to rise +.5% versus a -.3% decline in May.
  • ISM Manufacturing for July is estimated to rise to 60.7 versus 60.6 in June.
  • ISM Prices Paid for July is estimated to fall to 88.0 versus 92.1 in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Australia interest rate decision, Eurozone PMI report and the (F) fireside chat could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains nto the afternoon.  The Portfolio is 100% net long heading into the week.

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