Monday, November 29, 2021

Tuesday Watch

Evening Headlines

Bloomberg:        
Wall Street Journal:
Fox News:  
CNBC.com:
MarketWatch           
Zero Hedge:
Newsmax: 
TheGatewayPundit.com:  
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are +.5% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 91.0 -1.25 basis points. 
  • China Sovereign CDS 51.75 -2.0 basis points.
  • Bloomberg Emerging Markets Currency Index 54.07 +.17%. 
  • Bloomberg Global Risk-On/Risk Off Index 2,584.0 +80.0 points.
  • Volatility Index(VIX) futures 22.0 -.7%.
  • Euro Stoxx 50 futures +1.06%.
  • S&P 500 futures +.32%
  • NASDAQ 100 futures +.24%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (JKS)/.02
After the Close:
  • (AMBA)/.49
  • (BOX)/.21
  • (HPE)/.49
  • (NTAP)/1.21
  • (CRM)/.92
  • (ZS)/.12
Economic Releases 
9:00 am EST
  • The FHFA House Price Index MoM for Sept. is estimated to rise +1.2% versus a +1.0% gain in Aug. 
  • The S&P CoreLogic CS 20-City MoM for Sept. is estimated to rise +1.15% versus a +1.17% gain in Aug.
9:45 am EST
  • The MNI Chicago PMI for Nov. is estimated to fall to 67.0 versus 68.4 in Oct.
10:00 am EST
  • The Conference Board Consumer Confidence Index for Nov. is estimated to fall to 110.8 versus 113.8 in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The weekly US retail sales reports, Scotiabank Mining Conference, BofA Materials/Infrastructure Conference, Wells Fargo TMT Summit and the Morgan Stanley Consumer/Retail Conference could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 1:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by technology and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 75% net long heading into the day.

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