Sunday, December 26, 2021

Monday Watch

Today's Headlines

Wall Street Journal:
  • Had bullish commentary on (WMT), (COST), (TGT), (BJ), (M), (KSS), (UAL), (HLT), (LYV) and (CNK).
  • Had bearish commentary on (AAPL), (MSFT) and (GOOGL).
Fox News:    
Zero Hedge:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -.25% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 80.0 -2.0 basis points.
  • China Sovereign CDS 41.5 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 55.9 -.43%.
  • Bloomberg Global Risk-On/Risk Off Index 2,996.0 -8.0 points.
  • Volatility Index(VIX) futures 21.7 +.4%. 
  • Euro Stoxx 50 futures -.08%.
  • S&P 500 futures +.11%.
  • NASDAQ 100 futures +.26%.

Earnings of Note

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
10:30 am EST
  • The Dallas Fed Manufacturing Activity for Dec. is estimated to rise to 14.0 versus 11.8 in Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Japan Unemployment report, 2Y T-Note auction and the Metaverse Conference 2021 could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are slightly lower, weighed down by financial and consumer 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 week.

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