Monday, August 01, 2022

Tuesday Watch

Evening Headlines

Bloomberg:         
Wall Street Journal:    
Fox News:
CNBC.com:
MarketWatch:        
Zero Hedge:
Newsmax:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 147.0 +7.75 basis points. 
  • China Sovereign CDS 83.25 +11.0 basis points.
  • Bloomberg Emerging Markets Currency Index 49.21 -.14%.  
  • Bloomberg Global Risk-On/Risk Off Index 3,311.0 +12.0 points.
  • Volatility Index(VIX) futures 26.1 +.19%
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.15%.
  • NASDAQ 100 futures -.09%. 
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (BP)/.34
  • (CAT)/3.02
  • (CMI)/4.34
  • (DBD)/-.13
  • (DD)/.75
  • (ETN)/1.82
  • (EXPD)/2.13
  • (IT)/2.15
  • (IDXX)/1.64
  • (ITW)/2.23
  • (IGT)/.33
  • (JBLU)/-.11
  • (LEA)/1.44
  • (MAR)/1.57
  • (TAP)/1.19
  • (RGEN)/.71
  • (SEE)/.96
  • (SWI)/.20
  • (SPWR)/.03
  • (UBER)/-.05
  • (ZBH)/1.64
After the Close:
  • (AMD)/1.04
  • (ABNB)/.52
  • (ANDE)/1.03
  • (CZR)/.16
  • (CHK)/3.73
  • (CRUS)/.83
  • (CGNX)/.42
  • (EA)/.28
  • (GILD)/1.52
  • (MTCH)/.62
  • (MCHP)/1.34
  • (MSTR)/-.85
  • (OXY)/3.03
  • (PYPL)/.87
  • (PXD)/8.80
  • (PRU)/2.33
  • (RNG)/.40
  • (SBUX)/.76
  • (STE)/1.90
  • (TEX)/.86
Economic Releases
10:00 am EST
  • JOLTS Job Openings for June is estimated to fall to 11000K versus 11254K in May.
Afternoon:
  • Wards Total Vehicle Sales for July is estimated to rise to 13.45M versus 13.0M in June.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Bullard speaking, Eurozone PPI report, RBA rate decision and the weekly US retail sales reports could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly lower, weighed down by financial and technology shares in the region. I expect US stocks to open modestly lower and to rally into the afternoon, finishing mixed. The Portfolio is 50% net long heading into the day.

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