Sunday, April 03, 2022

Monday Watch

Posted by Gary .....at 11:26 PM

Night Trading

  • Asian indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 100.5 -2.25 basis points.
  • China Sovereign CDS 59.5 -2.75 basis points.
  • Bloomberg Emerging Markets Currency Index 53.58 -.06%.
  • Bloomberg Global Risk-On/Risk Off Index 4,326.0 -11.0 points.
  • Volatility Index(VIX) futures 24.3 +.15%. 
  • Euro Stoxx 50 futures +.08%.
  • S&P 500 futures -.10%.
  • NASDAQ 100 futures -.23%.

Earnings of Note
Company/Estimate
Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • Factory Orders for Feb. is estimated to fall -.6% versus a +1.4% gain in Jan.
  • Factory Orders Ex Transports for Feb. is estimated to rise +.3% versus a +1.0% gain in Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Eurozone PPI report and the B Riley ESports Investor Day could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly lower, weighed down by financial and consumer shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 50% net long heading into the week.

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