Sunday, November 27, 2022

Monday Watch

Today's Headlines

Bloomberg:     
 
Wall Street Journal:
Fox News:
CNBC:
Zero Hedge:   
TheGatewayPundit.com:
Twitter:
OpenVAERS:
SKirsch.com:
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -1.75% to -.75% on average.
  • Asia Ex-Japan Investment Grade CDS Index 148.0 +7.25 basis points.
  • China Sovereign CDS 86.25 +11.0 basis points.
  • China Iron Ore Spot 96.8 USD/Metric Tonne -2.4%
  • Bloomberg Emerging Markets Currency Index 47.4 -.12%.
  • Bloomberg Global Risk-On/Risk Off Index 46.7 -1.6%.
  • Bloomberg US Financial Conditions Index -.62 -6.0 basis points. 
  • Volatility Index(VIX) futures 23.0 +2.1%. 
  • Euro Stoxx 50 futures -.68%.
  • S&P 500 futures -.73%.
  • NASDAQ 100 futures -.91%.

Earnings of Note
Company/Estimate

Before the Open:
  • None of note
After the Close:
  • None of note
Economic Releases 
10:30 am EST
  • The Dallas Fed Manufacturing Activity report for Nov. is estimated to fall to -23.0 versus -19.4 in Oct.
Upcoming Splits
  • (TECH) 4-for-1
Other Potential Market Movers
  • The Australia Retail Sales report and the Credit Suisse Tech TMT Conference could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are lower, weighed down by technology and consumer shares in the region. I expect US stocks to open modestly lower and to maintain losses into the afternoon.  The Portfolio is 25% net long heading into the week.

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