Monday, October 18, 2021

Tuesday Watch

Evening Headlines

Bloomberg:     
Wall Street Journal:
Fox News:    
Zero Hedge:  
Newsmax:
TheGatewayPundit.com:
Night Trading 
  • Asian equity indices are +.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 85.25 -3.25 basis points.
  • China Sovereign CDS 47.75 -1.5 basis points.
  • Bloomberg Emerging Markets Currency Index 58.59 +.03%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,393.0 -37.0 points.
  • Volatility Index(VIX) futures 19.75 +.3%.
  • FTSE 100 futures +.07%.
  • S&P 500 futures +.06%
  • NASDAQ 100 futures +.11%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (BK)/1.00
  • (ERIC)/1.52
  • (FITB)/.90
  • (HAL)/.28
  • (JNJ)/2.35
  • (KSU)/2.04
  • (MAN)/1.89
  • (PM)/1.56
  • (PG)/1.59
  • (TRV)/2.05
After the Close:
  • (CNI)/1.42
  • (IBKR)/.76
  • (ISRG)/1.16
  • (MRTN)/.25
  • (NFLX)/2.56
  • (UAL)/-1.68
  • (WDFC)/1.24
Economic Releases
8:30 am EST
  • Housing Starts for Sept. is estimated at 1615K versus 1615K in Aug.
  • Building Permits for Sept. is estimated to fall to 1680K versus 1728K in Aug.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Bowman speaking, Fed's Waller speaking, Eurozone CPI report, weekly US retail sales reports and the (ULTA) analyst day could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by technology and consumer cyclical 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 day.

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