Monday, October 17, 2022

Tuesday Watch

Evening Headlines

Bloomberg:             
Wall Street Journal:
Fox News:
Zero Hedge:
Newsmax:    
SKirsch.com:
Night Trading 
  • Asian equity indices are +1.0% to +1.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 209.75 +4.75 basis points. 
  • China Sovereign CDS 115.25 +.25 basis point.
  • Bloomberg Emerging Markets Currency Index 46.48 +.06%   
  • Bloomberg Global Risk-On/Risk Off Index 48.9 +.54%. 
  • Bloomberg US Financial Conditions Index -1.31 +10.0 basis points.
  • Volatility Index(VIX) futures 30.6 -1.0%
  • Euro Stoxx 50 futures +.32%.
  • S&P 500 futures +.75%.
  • NASDAQ 100 futures +.81%  
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (ACI)/.65
  • (GS)/7.51
  • (HAS)/1.60
  • (HTLD)/.31
  • (JNJ)/2.49
  • (LMT)/6.62
  • (STT)/1.78
  • (TFC)/1.23
After the Close:
  • (IBKR)/.95
  • (ISRG)/1.12
  • (JBHT)/2.46
  • (NFLX)/2.17
  • (OMC)/1.71
  • (PNFP)/1.90
  • (UAL)/2.28
Economic Releases
9:15 am EST
  • Industrial Production MoM for Sept. is estimated to rise +.1% versus a -.2% decline in Aug.
  • Capacity Utilization for Sept. is estimated at 80.0% versus 80.0% in Aug.
  • Manufacturing Production for Sept. is estimated to rise +.3% versus a +.1% gain in Aug.
10:00 am EST
  • The NAHB Housing Market Index for Oct. is estimated to fall to 43.0 versus 46.0 in Sept.
4:00 pm EST
  • Net Long-Term TIC Flows for Aug.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China GDP report, weekly US retail sales reports and the (ADBE) analyst meeting could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are higher, boosted by financial and commodity 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.

No comments: