Thursday, November 10, 2022

Friday Watch

Evening Headlines

Bloomberg:               
Fox News:
Zero Hedge:
Newsmax:  
TheGatewayPundit.com:
The Epoch Times:
Twitter: 
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are +1.75% to +2.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 165.0 -22.5 basis points. 
  • China Sovereign CDS 80.0 -16.0 basis points.
  • Bloomberg Emerging Markets Currency Index 47.37 +.06%.  
  • Bloomberg Global Risk-On/Risk Off Index 46.9 +2.33%. 
  • Bloomberg US Financial Conditions Index -.87 +13.0 basis points.
  • Volatility Index(VIX) futures 26.0 +1.3%.
  • Euro Stoxx 50 futures +.03%.
  • S&P 500 futures +.01%.
  • NASDAQ 100 futures +.05%  
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (AQN)/.16
After the Close:
  • (SJR)/.36
Economic Releases
10:00 am EST
  • The Univ. of Mich. Consumer Sentiment Index for Nov. is estimated to fall to 59.5 versus 59.9 in Oct.
  • Univ. of Mich. 1Y Inflation Expectations for Nov. is estimated at +5.1% versus a +5.0% gain in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The (ASML) investor day 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 consumer discretionary 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.

No comments: