Monday, March 14, 2022

Tuesday Watch

Evening Headlines

Bloomberg:              
Wall Street Journal:
Fox News:  
CNBC.com:
Zero Hedge:
Newsmax: 
TheGatewayPundit.com: 
GETTR:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.75% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 118.5 +3.5 basis points. 
  • China Sovereign CDS 66.75 +2.25 basis points.
  • Bloomberg Emerging Markets Currency Index 50.92 +.08%. 
  • Bloomberg Global Risk-On/Risk Off Index 2,746.0 +14.0 points.
  • Volatility Index(VIX) futures 31.5 -.7%.
  • Euro Stoxx 50 futures -.27%.
  • S&P 500 futures +.16%.
  • NASDAQ 100 futures +.37%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (DOLE)/.10
After the Close:
  • (S)/-.18
Economic Releases
8:30 am EST
  • Empire Manufacturing for March is estimated to rise to 6.4 versus 3.1 in February.
  • PPI Final Demand MoM for Feb. is estimated to rise +.9% versus a +1.0% gain in Jan.
  • PPI Ex Food and Energy MoM for Feb. is estimated to rise +.6% versus a +.8% gain in Jan.
4:00 pm EST
  • Net Long-Term TIC Flows for Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone Industrial Production report, US weekly retail sales reports, BofA Industrials Conference, Barclays Healthcare Conference and the JPMorgan Industrials 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 commodity 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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