Sunday, July 31, 2022

Monday Watch

Today's Headlines

Bloomberg:     
Wall Street Journal: 
Fox News:
CNBC:
Zero Hedge:
MarketWatch.com:             
NewsMax:  
TheGatewayPundit.com:
Twitter:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -.25% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 139.25 -1.5 basis points.
  • China Sovereign CDS 72.25 -.5 basis point.
  • Bloomberg Emerging Markets Currency Index 49.10 -.05%.
  • Bloomberg Global Risk-On/Risk Off Index 3,607.0 +133.o points.
  • Volatility Index(VIX) futures 25.5 +.3%. 
  • Euro Stoxx 50 futures +.16%.
  • S&P 500 futures -.35%.
  • NASDAQ 100 futures -.39%.

Earnings of Note
Company/Estimate

Before the Open:
  • (AMG)/3.97
  • (CHKP)/1.61
  • (GPN)/2.35
  • (J)/1.81
  • (ON)/1.26
After the Close:
  • (ATVI)/.48
  • (AFL)/1.28
  • (ANET)/.92
  • (CAR)/11.88
  • (BCC)/4.71
  • (CF)/5.87
  • (DVN)/2.38
  • (FANG)/6.68
  • (LSCC)/.40
  • (MOS)/3.97
  • (PINS)/.18
  • (RMBS)/.40
  • (SANM)/1.11
  • (SBAC)/2.59
  • (VNO)/.78
  • (WMB)/.37
Economic Releases
10:00 am EST
  • Construction Spending MoM for June is estimated to rise +.3% versus a -.1% decline in May.
  • ISM Manufacturing for July is estimated to fall to 52.0 versus 53.0 in June.
  • ISM Prices Paid for July is estimated to fall to 73.5 versus 78.5 in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China Manufacturing PMI report, Eurozone PMI report and the KBW Community Bank Investor Conference could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly higher, boosted by financial and commodity shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the week.

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