Tuesday Watch

Night Trading 

• Asian equity indices are -.25% to +.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 109.25 +.75 basis point. 

• China Sovereign CDS  68.25 +1.0 basis point.
  

• Bloomberg Emerging Markets Currency Index 53.38 -.06%. 
• Bloomberg Global Risk-On/Risk Off Index 4,632.0 -13.0 points.
• Volatility Index(VIX) futures 23.7 -.43%.
• Euro Stoxx 50 futures -.77%.

• S&P 500 futures +.25%.

• NASDAQ 100 futures +.39%. 

Morning Preview Links

Earnings of Note 
Company/Estimate 

 

Before the Open: 

• (BMI)/.51
• (CBSH)/.88
• (FITB)/.69
• (HAL)/.34
• (HAS)/.64
• (JNJ)/2.57
• (LMT)/6.19
• (MAN)/1.59
• (TRV)/3.62
• (TFC)/1.11
  

After the Close:

• (IBM)/1.39
• (IBKR)/.82
• (MRTN)/.26
• (NFLX)/2.92
• (OMC)/1.33
  

Economic Releases

8:30 am EST

• Housing Starts for March is estimated to fall to 1741K versus 1769K in Feb.
• Building Permits for March is estimated to fall to 1820K versus 1859K in Feb.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The Fed's Evans speaking, Fed's Kashkari speaking, PBOC rate decision and the US weekly retail sales reports could also impact global trading today.

US Equity Market Hours

• 9:30 am - 4:00 pm EST
  

BOTTOM LINE: Asian indices are mostly higher, boosted by commodity and industrial shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.