Sunday, August 22, 2021

Monday Watch

Today's Headlines
Bloomberg:              
Wall Street Journal:
Fox News:
NY Post: 
CNBC:
Zero Hedge: 
MarketWatch.com:          
NewsMax:
TheGatewayPundit.com: 
Night Trading
  • Asian indices are +.5% to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 73.25 -.5 basis point.
  • China Sovereign CDS 35.0 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 59.21 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index 2,448.0 +53.0 points.
  • Volatility Index(VIX) futures 20.5 -.4%. 
  • Euro Stoxx 50 futures +.35%.
  • S&P 500 futures +.09%.
  • NASDAQ 100 futures +.15%

Earnings of Note
Company/Estimate

Before the Open:
  • (JD)/2.23
  • (TAL)/-.02
After the Close:
  • (PANW)/1.44
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for July.
9:45 am EST
  • The Markit US Manufacturing PMI for August is estimated to fall to 62.5 versus 63.4 in July.
  • The Markit US Services PMI for August is estimated to fall to 59.0 versus 59.9 in July.
10:00 am EST
  • Existing Home Sales for July is estimated to fall to 5.83M versus 5.86M in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PMI report and the Eurozone IFO report could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by technology 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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