Sunday, May 22, 2022

Monday Watch

Today's Headlines

Bloomberg:            
Wall Street Journal:
Fox News: 
CNBC:
Zero Hedge:
MarketWatch.com:         
NewsMax:    
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are +.25% to +1.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 130.0 -2.0 basis points.
  • China Sovereign CDS 84.25 -1.0 basis point.
  • Bloomberg Emerging Markets Currency Index 52.21 +.04%.
  • Bloomberg Global Risk-On/Risk Off Index 3,880.0 +1.0 point.
  • Volatility Index(VIX) futures 28.8 -2.3%. 
  • Euro Stoxx 50 futures +1.15%.
  • S&P 500 futures +1.05%.
  • NASDAQ 100 futures +1.15%.

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • (AAP)/3.55
  • (ZM)/.88
  • (NDSN)/2.29
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for April.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's George speaking, Germany IFO Guidance report, JPMorgan Tech/Media/Communications Conference, Berenberg Conference, (JPM) investor day, HC Wainwright Life Sciences Conference, UBS Healthcare Conference, HC Wainwright Investment Conference and the (VSTO) investor day could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon.  The Portfolio is 50% net long heading into the week.

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