Monday, March 21, 2022

Tuesday Watch

Evening Headlines

Bloomberg:            
Wall Street Journal:
Zero Hedge:
TheGatewayPundit.com: 
GETTR:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.25% to +.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 111.0 -2.0 basis points. 
  • China Sovereign CDS 60.25 +5.75 basis points.
  • Bloomberg Emerging Markets Currency Index 51.85 -.12%. 
  • Bloomberg Global Risk-On/Risk Off Index 3,743.0 +16.0 points.
  • Volatility Index(VIX) futures 25.8 +1.3%.
  • Euro Stoxx 50 futures -.66%.
  • S&P 500 futures -.26%.
  • NASDAQ 100 futures -.29%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (CCL)/-1.21
  • (INFO)/.83
After the Close:
  • (AIR)/.58
  • (ADBE)/3.34
  • (POSH)/-.18
  • (WOR)/1.37
Economic Releases
10:00 am EST
  • The Richmond Fed Manufacturing Index for March is estimated to rise to 2.0 versus 1.0 in Feb.
Upcoming Splits
  • (WRB) 3-for-2
  • (ACMR) 3-for-1
Other Potential Market Movers
  • The Eurozone Currency Account report, weekly US retail sales reports, DA Davidson EV Conference, KeyBanc Life Sciences/MedTech Investor Forum, (NTAP) investor day, (REAL) investor day and the (NVDA) investor day could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly higher, boosted by commodity and industrial shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower. The Portfolio is 50% net long heading into the day.

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