Sunday, December 11, 2022

Monday Watch

Today's Headlines

Wall Street Journal:
Fox News:
Zero Hedge:  
Covid-19(Data, Maps, Graphs):
Night Trading
  • Asian indices are -1.0% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 132.0 -1.0 basis point.
  • China Sovereign CDS 75.25 unch.
  • China Iron Ore Spot 110.8 USD/Metric Tonne -.65%
  • Bloomberg Emerging Markets Currency Index 47.8 -.04%.
  • Bloomberg Global Risk-On/Risk Off Index 48.1 -.11%.
  • Bloomberg US Financial Conditions Index -.65 -6.0 basis points. 
  • Volatility Index(VIX) futures 25.1 +.01%. 
  • Euro Stoxx 50 futures n/a.
  • S&P 500 futures -.16%.
  • NASDAQ 100 futures -.24%.

Earnings of Note

Before the Open:
  • None of note
After the Close:
  • (COUP)/.10
  • (ORCL)/1.17
Economic Releases 
2:00 pm EST
  • The Monthly Budget Statement for Nov. is estimated at -$248.0B versus -$191.3B in Oct.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK Industrial Production report and the 3/10 Year T-Note auctions could also impact trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly lower, weighed down by consumer and technology shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 25% net long heading into the week.

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