Thursday, December 29, 2022

Friday Watch

Evening Headlines

Bloomberg:             

Fox News:
Zero Hedge:
Newsmax:
Twitter: 
 OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are unch. to +.5% on average.
  • Asia Ex-Japan Investment Grade CDS Index 132.0 +.5 basis point. 
  • China Sovereign CDS 73.75 -4.5 basis points. 
  • China Iron Ore Spot 115.7 USD/Metric Tonne +.5%.
  • Bloomberg Emerging Markets Currency Index 47.6 +.01%.
  • Bloomberg Global Risk-On/Risk Off Index  56.0 -.7%. 
  • Bloomberg US Financial Conditions Index -.38 -9.0 basis points.
  • Volatility Index(VIX) futures 23.3 +.2%.
  • Euro Stoxx 50 futures -.21%.
  • S&P 500 futures -.15%.
  • NASDAQ 100 futures -.19%.  
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • None of note
After the Close:
  • None of note
Economic Releases
9:45 am EST
  • The MNI Chicago PMI report for Dec. is estimated to rise to 40.0 versus 37.2 in Nov.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK home price report 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 technology 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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