Sunday, October 10, 2021

Monday Watch

Today's Headlines

Wall Street Journal:
Fox News:
Zero Hedge:              
Medical Xpress:
  • Iceland halts Moderna jabs over heart-inflammation fears. This decision owed to "the increased incidence of myocarditis and pericarditis after vaccination with the Moderna vaccine, as well as with vaccination using Pfizer/BioNTech," the chief epidemiologist said in a statement. Since Thursday, Sweden and Finland have also suspended the use of the Moderna vaccine but only for those under 30, because of a risk of inflammation of the myocardium, the heart muscle, and the pericardium, the membrane covering the heart. Denmark and Norway have formally advised against it for those under 18.
Our World in Data:
One Mile at a Time:
  • Southwest Cancels 1,800+ Flights. It’s my understanding that a lot more pilots than usual have called in sick this weekend, and that just happens to coincide with the union having yesterday taken legal action against the airline over the vaccine mandate. Coincidence? You tell me…If you have a Southwest flight booked in the coming days, don’t expect it’ll necessarily operate as planned.
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 88.75 +1.75 basis points.
  • China Sovereign CDS 52.0 +3.25 basis points.
  • Bloomberg Emerging Markets Currency Index 58.62 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index 3,303.0 -6.0 points.
  • Volatility Index(VIX) futures 22.1 +2.0%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.53%.
  • NASDAQ 100 futures -.59%.

Earnings of Note

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
  • None of note 
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Money Supply report and the UK Industrial Production report could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by healthcare and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed.  The Portfolio is 75% net long heading into the week.

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