Monday Watch

Night Trading

• Asian indices are unch. to +1.0% on average.
• Asia Ex-Japan Investment Grade CDS Index 211.75 -12.0 basis points.
• China Sovereign CDS 104.75 -15.25 basis points.
• Bloomberg Emerging Markets Currency Index 46.7 +.03%.
• Bloomberg Global Risk-On/Risk Off Index 51.1 +1.5%.
• Bloomberg US Financial Conditions Index -1.05 -8.0 basis points. 
  
• Volatility Index(VIX) futures 25.9 +.13%. 
• Euro Stoxx 50 futures -.35%.
• S&P 500 futures -.35%.
• NASDAQ 100 futures -.45%.

Morning Preview Links

Earnings of Note

Company/Estimate

Before the Open:

• (AMG)/3.91
• (BNTX)/3.42 
• (WHD)/.48
• (NRG)/1.08
• (PLTR)/.02
• (THS)/.16
  

After the Close:

• (ATVI)/.50
• (ADTN)/.19
• (FANG)/6.36
• (FN)/1.74
• (LYFT)/.08
• (MTW)/.09
• (MOS)/3.41
• (QGEN)/.45
• (SANM)/1.33
• (TTWO)/1.38
• (TRIP)/.38
• (VECO)/.41
  

Economic Releases 

3:00 pm EST

• Consumer Credit for Sept. is estimated to fall to $31.75B versus $32.24B in Aug.
  

Upcoming Splits

• None of note
  

Other Potential Market Movers

• The China Trade Data report, CSFB Healthcare Conference and the (AMGN) investor call 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 industrial 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.