Thursday, May 19, 2022

Friday Watch

Evening Headlines

Bloomberg:                  
Wall Street Journal:
Fox News:
Zero Hedge: 
TheGatewayPundit.com: 
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are +.25% to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 132.0 +2.5 basis points. 
  • China Sovereign CDS  85.25 +.5 basis point.
  • Bloomberg Emerging Markets Currency Index 52.0 -.06%.  
  • Bloomberg Global Risk-On/Risk Off Index 3,843.0 -36.0 points.
  • Volatility Index(VIX) futures 28.6 -2.3%.
  • Euro Stoxx 50 futures +.8%.
  • S&P 500 futures +.55%.
  • NASDAQ 100 futures +.8%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (BIG)/1.10
  • (HIBB)/3.21
After the Close:
  • None of note
Economic Releases
  • None of note
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The (TFX) 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 consumer and technology 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.

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