Monday, January 10, 2022

Tuesday Watch

Evening Headlines

Bloomberg:           
Wall Street Journal:
Fox News:
Zero Hedge:
Newsmax:
TheGatewayPundit.com:  
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.5% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 80.25 +.25 basis point. 
  • China Sovereign CDS 44.0 +1.5 basis points.
  • Bloomberg Emerging Markets Currency Index 53.64 -.01%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,434.0 -55.0 points.
  • Volatility Index(VIX) futures 21.8 +.44%.
  • Euro Stoxx 50 futures +.59%.
  • S&P 500 futures -.05%.
  • NASDAQ 100 futures -.04%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ACI)/.59
  • (INFO)/.84
  • (SNX)/2.68
After the Close:
  • None of note
Economic Releases
6:00 am EST
  • The NFIB Small Business Optimism Index for Dec. is estimated to rise to 98.7 versus 98.4 in Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Powell confirmation hearings, Australia retail sales report, 3Y T-Note auction and the weekly US retail sales reports could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly lower, weighed down by consumer and transport shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 75% net long heading into the day.

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