Tuesday, January 18, 2022

Wednesday Watch

Evening Headlines

Bloomberg:       
Wall Street Journal:
Fox News:
CNBC.com:
Zero Hedge:
Newsmax: 
TheGatewayPundit.com: 
The Epoch Times:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -1.0% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 89.25 -.25 basis point. 
  • China Sovereign CDS 50.0 unch.
  • Bloomberg Emerging Markets Currency Index 54.02 -.01%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,342.0 -25.0 points.
  • Volatility Index(VIX) futures 23.1 -1.3%.
  • Euro Stoxx 50 futures -.09%.
  • S&P 500 futures +.08%.
  • NASDAQ 100 futures +.03%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ASML)/3.77
  • (BAC)/.76
  • (CMA)/1.58
  • (FAST)/.37
  • (HTLD)/.26
  • (MS)/1.96
  • (PG)/1.65
  • (STT)/1.89
  • (USB)/1.10
  • (UNH)/4.31
After the Close:
  • (AA)/2.01
  • (DFS)/3.64
  • (FUL)/1.08
  • (KMI)/.27
  • (UAL)/-2.09
Economic Releases
8:30 am EST
  • Housing Starts for Dec. is estimated to fall to 1650K versus 1679K in Nov.
  • Building Permits for Dec. is estimated to fall to 1705K versus 1712K in Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK CPI report, 20Y T-Bond auction, weekly US retail sales reports, weekly MBA Mortgage Applications report, CIBC Institutional Investor Conference and the Sidoti Small-Cap Conference could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by technology and financial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.

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