Monday, February 21, 2022

Tuesday Watch

Today's Headlines

Bloomberg:      
Wall Street Journal:
Fox News:   
CNBC:
Zero Hedge:
TheGatewayPundit.com:
Twitter:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -2.0% to -1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 102.5 +3.25 basis points.
  • China Sovereign CDS 55.25 +1.25 basis points.
  • Bloomberg Emerging Markets Currency Index 54.36 -.05%.
  • Bloomberg Global Risk-On/Risk Off Index 3,035.0 -82.0 points.
  • Volatility Index(VIX) futures 29.7 +5.5%. 
  • Euro Stoxx 50 futures -1.0%.
  • S&P 500 futures -1.7%.
  • NASDAQ 100 futures -2.2%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AWI)/1.05
  • (CBRL)/1.61
  • (DISH)/.87
  • (EXPD)/2.09
  • (FLR)/.27
  • (HD)/3.17
  • (KFY)/1.48
  • (LPX)/1.99
  • (M)/1.99
  • (MDT)/1.37
After the Close:
  • (A)/1.18
  • (BCC)/2.25
  • (CZR)/-.79
  • (FANG)/3.36
  • (MELI)/1.18
  • (MOS)/1.98
  • (PANW)/1.65
  • (PSA)/3.45
  • (RNG)/.37
  • (TDOC)/-.54
  • (TOL)/1.15
  • (RIG)/-.12
Economic Releases
9:00 am EST
  • The 4Q House Price Purchase Index.  
  • The FHFA House Price Index MoM for Dec. is estimated to rise +1.1% versus a +1.1% gain in Nov. 
  • The S&P CoreLogic CS 20-City MoM for Dec. is estimated to rise +1.05% versus a +1.18% gain in Nov.
9:45 am EST
  • The Markit US Manufacturing PMI for February is estimated to rise to 56.0 versus a reading of 55.5 in January.
10:00 am EST
  • The Conference Board Consumer Confidence Index for Feb. is estimated to fall to 110.0 versus 113.8 in Jan.
  • The Richmond Fed Manufacturing Index for Feb. is estimated to rise to 10.0 versus 8.0 in Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Bowman speaking, German IFO, 2Y T-Note auction, Citi Industrial Tech/Mobility Conference, (CNHI) capital markets event and the Baird Sustainability Conference could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by technology and financial shares in the region. I expect US stocks to open lower and to maintain losses into the afternoon.  The Portfolio is 25% net long heading into the week.

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