Monday, September 13, 2021

Tuesday Watch

Evening Headlines
Bloomberg:   
Wall Street Journal:  
Fox News:  
Zero Hedge:
Reuters:
TheGatewayPundit.com:
Night Trading 
  • Asian equity indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 65.75 unch.
  • China Sovereign CDS 33.0 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 60.23 unch.
  • Bloomberg Global Risk-On/Risk Off Index 2,985.0 -15.0 points.
  • Volatility Index(VIX) futures 21.3 -.24%.
  • FTSE 100 futures +.01%.
  • S&P 500 futures +.13%
  • NASDAQ 100 futures +.08%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (FCEL)/-.05
After the Close:
  • None of note
Economic Releases
6:00 am EST
  • The NFIB Small Business Optimism Index for Aug. is estimated to fall to 99.0 versus 99.7 in July.
8:30 am EST
  • The CPI MoM for Aug. is estimated to rise +.4% versus a +.5% gain in July.
  • The CPI Ex Food and Energy MoM for Aug. is estimated to rise +.3% versus a +.3% gain in July.
  • Real Avg. Weekly Earnings YoY for Aug. 
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China industrial production report, Cali Governor recall election, weekly US retail sales reports, Jefferies Software Conference, Baird Healthcare Conference, Raymond James Consumer Conference and the (CROX) investor day could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.

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