Thursday, June 23, 2022

Friday Watch

Evening Headlines

Wall Street Journal:
Fox News:
Zero Hedge:
 The Epoch Times:
Night Trading 
  • Asian equity indices are -.25% to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 136.25 +.25 basis point. 
  • China Sovereign CDS 81.75 unch.
  • Bloomberg Emerging Markets Currency Index 50.42 -.04%.  
  • Bloomberg Global Risk-On/Risk Off Index 4,574.0 +258.0 points.
  • Volatility Index(VIX) futures 29.0 -.03%.
  • Euro Stoxx 50 futures +.15%.
  • S&P 500 futures -.18%.
  • NASDAQ 100 futures -.11%. 
Morning Preview Links

Earnings of Note 
Before the Open: 
  • (KMX)/1.55
  • (CCL)/-1.14
After the Close:
  • None of note
Economic Releases
10:00 am EST
  • New Home Sales for May is estimated to fall to 590K versus 591K in April.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Bullard speaking, Fed's Daly speaking, German IFO Guidance and the (CCL) business update 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 technology and consumer 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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