Wednesday, September 28, 2022

Thursday Watch

Evening Headlines

Bloomberg:                 
Wall Street Journal:
Fox News:
Zero Hedge:
TheGatewayPundit.com:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are +1.0% to +1.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 176.5 -7.5 basis points. 
  • China Sovereign CDS 104.25 -.25 basis point.
  • Bloomberg Emerging Markets Currency Index 47.27 -.14%   
  • Bloomberg Global Risk-On/Risk Off Index 48.52 +.67%. 
  • Bloomberg US Financial Conditions Index -1.20 +7.0 basis points
  • Volatility Index(VIX) futures 30.0 -.5%
  • Euro Stoxx 50 futures +.72%.
  • S&P 500 futures +.03%.
  • NASDAQ 100 futures -.02%  
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (BBBY)/-1.79
  • (KMX)/1.40
  • (RAD)/-.46
  • (WOR)/1.58
After the Close:
  • (CMTL)/-.02
  • (MU)/1.39
  • (NKE)/,92
Economic Releases
8:30 am EST
  • Initial Jobless Claims for last week are estimated to rise to 215K versus 213K the prior week.
  • Continuing Claims are estimated to rise to 1388K versus 1379K prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Mester speaking, Eurozone CPI report, weekly EIA natural gas inventory report, (VMC) investor day, (INTU) investor day and the Ladenburg Thalmann Healthcare Conference could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly higher, boosted by commodity and consumer shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher. The Portfolio is 50% Net Long heading into the day.

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