Monday, February 14, 2022

Tuesday Watch

Evening Headlines

Bloomberg:              
Wall Street Journal: 
Fox News:   
CNBC.com:
Zero Hedge:
Newsmax:   
TheGatewayPundit.com: 
SKirsch.com:
Night Trading 
  • Asian equity indices are -.5% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 99.5 +1.5 basis points. 
  • China Sovereign CDS 54.0 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 54.41 +.02%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,341.0 +67.0 points.
  • Volatility Index(VIX) futures 27.6 -.5%.
  • Euro Stoxx 50 futures +.01%.
  • S&P 500 futures +.13%.
  • NASDAQ 100 futures +.23%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ARCH)/12.9
  • (BWA)/.76
  • (CERN)/.88
  • (LDOS)/1.60
  • (MAR)/1.00
  • (ZTS)/.96
After the Close:
  • (ABNB)/-.03
  • (AKAM)/1.42
  • (CF)/3.38
  • (DVN)/1.24
  • (IAC)/.90
  • (LZB)/.89
  • (RBLX)/-.07
  • (UPST)/.51
  • (VIAC)/.45
  • (WH)/.54
  • (WYNN)/-1.25
Economic Releases
8:30 am EST
  • PPI Final Demand MoM for Jan. is estimated to rise +.5% versus a +.2% gain in Dec.
  • PPI Ex Food & Energy MoM for Jan. is estimated to rise +.4% versus a +.5% gain in Dec.
  • Empire Manufacturing for Feb. is estimated to rise to 12.0 versus -.7 in Jan. 
4:00 pm EST
  • Net Long-Term TIC Flows for Dec.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Senate Finance Committee vote on Fed's Powell nomination/others, Eurozone GDP report, German inflation data/ZEW Index, weekly US retail sales reports and the BTIG Digital Health 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 consumer and energy shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 25% net long heading into the day.

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