Sunday, November 28, 2021

Monday Watch

Today's Headlines

Bloomberg:          
Fox News:     
CNBC:
Zero Hedge:
Reuters:
  • South Africa has administered at least 25,238,789 doses of COVID vaccines so far. Assuming every person needs 2 doses, that’s enough to have vaccinated about 21.6% of the country’s population(one of world's lowest rates). COVID-19 infections are slightly increasing in South Africa, with 3,862 new infections reported on average each day(46 infections per 100K people reported last 7 days). That’s 19% of the peak — the highest daily average reported on July 7.
Nature: 
  • Why US coronavirus tracking can’t keep up with concerning variants. (April 7) Laboratories supported by the US government have doubled the rate at which they are sequencing SARS-CoV-2 genomes over the past two months. Still, the number of genomes that the country shared in the online genome repository GISAID in March represented only 1.6% of its positive COVID-19 cases that month.
TheGatewayPundit.com:
EuroWeekly:
Our World in Data:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -1.0% to -.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 92.25 +4.0 basis points.
  • China Sovereign CDS 53.75 +3.75 basis points.
  • Bloomberg Emerging Markets Currency Index 54.30 unch.
  • Bloomberg Global Risk-On/Risk Off Index 2,111.0 +97.0 points.
  • Volatility Index(VIX) futures 23.7 -11.0%. 
  • Euro Stoxx 50 futures +1.7%.
  • S&P 500 futures +.77%.
  • NASDAQ 100 futures +1.03%.

Earnings of Note
Company/Estimate

Before the Open:
  • (FRO)/-.16
  • (KFY)/1.37
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • Pending Home Sales MoM for Oct. is estimated to rise +.8% versus a -2.3% decline in Sept.
10:30 am EST
  • Dallas Fed Manufacturing Activity for Nov. is estimated to rise to 19.0 versus 14.6 in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Powell speaking, Fed's Bowman speaking, Australia Retail Sales report, Credit Suisse Tech Conference, Piper Sandler Healthcare Conference and the Stephens Investment Conference could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by technology and financial shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon, finishing modestly higher.  The Portfolio is 50% net long heading into the week.

No comments: