Sunday, October 31, 2021

Monday Watch

Today's Headlines

Bloomberg:                          
Wall Street Journal:
Fox News:   
CNBC:
Zero Hedge:
NY Post: 
USA Today:
  • COVID vaccines for kids aren't as clear-cut as for adults: 5 factors for parents to consider. What about rare side effects? Pfizer-BioNTech's safety trials included about 5,000 children, which is not enough to identify rare side effects. The potential side effect of greatest concern is called myocarditis, a swelling of the heart muscle that can also be caused by COVID-19. Myocarditis after vaccination has been seen mainly in adolescents and young adults, mostly male, after their second dose of vaccine.
Reuters:
  • Singapore has administered at least 10,094,499 doses of COVID vaccines so far. Assuming every person needs 2 doses, that's enough to have vaccinated about 88.5% of the country's population(4th best rate in world). Singapore is reporting 3,700 new infections on average each day(463 infections per 100K people reported last 7 days), 100% of the peak - the highest daily average reported on Oct. 30.
Our World in Data:
Apex World News:
TheGatewayPundit.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are unch. to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 81.5 +1.25  basis points.
  • China Sovereign CDS 46.25 +1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 58.11 unch.
  • Bloomberg Global Risk-On/Risk Off Index 3,312.0 -12.0 points.
  • Volatility Index(VIX) futures 20.87 -.87%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures +.39%.
  • NASDAQ 100 futures +.43%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AMG)/3.91
  • (ON)/.73
After the Close:
  • (AMC)/-.56
  • (ANET)/2.71
  • (CAR)/6.68
  • (CHGG)/.19
  • (CRUS)/1.63
  • (CLX)/1.01
  • (FANG)/2.81
  • (FN)/1.33
  • (MCK)4.62
  • (MOS)/1.48
  • (NXPI)/2.73
  • (PSA)/3.22
  • (SPG)/2.53
  • (RIG)/-.15
  • (WMB)/.27
Economic Releases
10:00 am EST
  • Construction Spending MoM for Sept. is estimated to rise +.5% versus unch. in Aug.
  • ISM Manufacturing for Oct. is estimated to fall to 60.3 versus 61.1 in Sept.
  • ISM Prices Paid for Oct. is estimated to rise to 82.3 versus 81.2 in Sept.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PMI report, (ANET) analyst day and the (F) 3Q 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 into the afternoon.  The Portfolio is 100% net long heading into the week.

Saturday, October 30, 2021

Today's Headlines

Bloomberg:                    

Wall Street Journal: 
  • Had bullish commentary on (ALB) and (NVR).
  • Had bearish commentary on (HOOD).
CNBC:
Fox News:
USA Today:
  • COVID vaccines for kids aren't as clear-cut as for adults: 5 factors for parents to consider. What about rare side effects? Pfizer-BioNTech's safety trials included about 5,000 children, which is not enough to identify rare side effects. The potential side effect of greatest concern is called myocarditis, a swelling of the heart muscle that can also be caused by COVID-19. Myocarditis after vaccination has been seen mainly in adolescents and young adults, mostly male, after their second dose of vaccine.
Reuters:
  • Singapore has administered at least 10,094,499 doses of COVID vaccines so far. Assuming every person needs 2 doses, that's enough to have vaccinated about 88.5% of the country's population(4th best rate in world). Singapore is reporting 3,700 new infections on average each day(463 infections per 100K people reported last 7 days), 100% of the peak - the highest daily average reported on Oct. 30.
Our World in Data:
Apex World News:
Zero Hedge: 
TheGatewayPundit.com:

Friday, October 29, 2021

Evening Headlines

Bloomberg:                 

Wall Street Journal: 
Fox News: 
Zero Hedge:   
TheGatewayPundit.com:
The Epoch Times: