Thursday, January 06, 2022

Friday Watch

Evening Headlines

Bloomberg:           
Wall Street Journal:
Fox News:
CNBC.com:
MarketWatch:  
Zero Hedge:
Newsmax:
TheGatewayPundit.com:  
GETTR:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 79.25 +2.75 basis points. 
  • China Sovereign CDS 42.75 +2.25 basis points.
  • Bloomberg Emerging Markets Currency Index 53.48 +.09%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,286.0 -30.0 points.
  • Volatility Index(VIX) futures 22.7 -.7%.
  • Euro Stoxx 50 futures +.13%.
  • S&P 500 futures +.31%.
  • NASDAQ 100 futures +.43%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (AYI)/2.41
  • (GBX)/.21
After the Close:
  • None of note
Economic Releases
8:30 am EST
  • Two-Month Payroll Net Revision.
  • The Change in Non-Farm Payrolls for Dec. is estimated to rise to 442K versus 210K in Nov.
  • The Unemployment Rate for Dec. is estimated to fall to 4.1% versus 4.2% in Nov.
  • Average Hourly Earnings MoM for Dec. is estimated to rise +.4% versus a +.3% gain in Nov.
3:00 pm EST
  • Consumer Credit for Nov. is estimated to rise to $20.0B versus $16.897B in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Euruzone Trade Balance report and US Supreme Court hearing vaccine mandate case could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by industrial and energy 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.

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