Monday, January 03, 2022

Tuesday Watch

Evening Headlines

Bloomberg:            
Wall Street Journal:
Fox News:
CNBC.com:
Zero Hedge:
TheGatewayPundit.com:  
The Epoch Times:  
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are +.5% to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 76.75 -1.25 basis points. 
  • China Sovereign CDS 39.25 -.75 basis point.
  • Bloomberg Emerging Markets Currency Index 54.11 +.1%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,347.0 +28.0 points.
  • Volatility Index(VIX) futures 21.5 +.4%.
  • Euro Stoxx 50 futures -.02%.
  • S&P 500 futures -.02%.
  • NASDAQ 100 futures +.04%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • None of note
After the Close:
  • (JEF)/1.31
  • (SGH)/2.00
Economic Releases
10:00 am EST
  • ISM Manufacturing for Dec. is estimated to fall to 60.0 versus 61.1 in Nov.
  • ISM Prices Paid for Dec. is estimated to fall to 79.3 versus 82.4 in Nov.
  • JOLTS Job Openings for Nov. is estimated to rise to 11057K versus 11033K in Oct.
Afternoon:
  • Wards Total Vehicle Sales for Dec. is estimated to rise to 13.1M versus 12.86M in Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The OPEC meeting, Eurozone Retail Sales report, weekly US retail sales reports, (AMD) product premiere, (INTC) CES news conference and the (AMBA) investor event 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 financial and commodity shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.

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