Monday, June 20, 2022

Tuesday Watch

Today's Headlines

Bloomberg:        
Wall Street Journal:
Fox News: 
CNBC:
Zero Hedge:
MarketWatch.com:            
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are +.5% to +1.0% on average.
  • Asia Ex-Japan Investment Grade CDS Index 131.25 -2.0 basis points.
  • China Sovereign CDS 82.25 -3.75 basis points.
  • Bloomberg Emerging Markets Currency Index 50.61 +.04%.
  • Bloomberg Global Risk-On/Risk Off Index 4,705.0 +76.0 points.
  • Volatility Index(VIX) futures 30.2 -2.3%. 
  • Euro Stoxx 50 futures unch.
  • S&P 500 futures +1.17%.
  • NASDAQ 100 futures +1.21%.

Earnings of Note
Company/Estimate

Before the Open:
  • (LEN)/3.97
After the Close:
  • (LZB)/.92
Economic Releases
8:30 am EST
  • The Chicago Fed National Activity Index for May.
10:00 am EST
  • Existing Home Sales for May is estimated to fall to 5.4M versus 5.61M in Apil.
Upcoming Splits
  • (FTNT) 5-for-1
Other Potential Market Movers
  • The Fed's Mester speaking, Fed's Barkin speaking, Fed's Bullard speaking, BoJ Meeting Minutes, German PPI report, weekly US retail sales reports, Jefferies Consumer Conference, (LOW) fireside chat w/Oppenheimer, (JWN) fireside chat w/Telsey Advisory and the BofA Tech/Media/Communications Conference 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 commodity and financial 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 week.

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