Monday, December 20, 2021

Tuesday Watch

Evening Headlines

Wall Street Journal:
Fox News:
Zero Hedge:
Night Trading 
  • Asian equity indices are unch. to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 84.0 +2.0 basis points. 
  • China Sovereign CDS 44.0 +1.5 basis points.
  • Bloomberg Emerging Markets Currency Index 53.44 -.32%. 
  • Bloomberg Global Risk-On/Risk Off Index 2,259.0 +30.0 points.
  • Volatility Index(VIX) futures 23.9 -1.6%.
  • Euro Stoxx 50 futures +.90%.
  • S&P 500 futures +.27%.
  • NASDAQ 100 futures +.46%. 
Morning Preview Links

Earnings of Note 
Before the Open: 
  • (APOG)/.53
  • (FDS)/3.00
  • (GIS)/1.05
  • (RAD)/-.18
After the Close:
  • (BB)/-.07
  • (CAMP)/.08
  • (AIR)/.54
Economic Releases
8:30 am EST
  • The Current Account Deficit for 3Q is estimated to widen to -$205.0B versus -$190.3B in 2Q.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The PBOC rate decision, 20Y Bond auction and the weekly US retail sales reports could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 1:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by technology and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.

No comments: