Monday, December 05, 2022

Tuesday Watch

Evening Headlines

Bloomberg:                  

Fox News:
Zero Hedge:
Newsmax:   
TheGatewayPundit.com:
The Epoch Times:
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.75% to -.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 126.75 -4.5 basis points. 
  • China Sovereign CDS 74.5 -2.0 basis points. 
  • China Iron Ore Spot 108.3 USD/Metric Tonne -.09%
  • Bloomberg Emerging Markets Currency Index 47.7 +.05%.
  • Bloomberg Global Risk-On/Risk Off Index  49.9 +.07%. 
  • Bloomberg US Financial Conditions Index -.50 -1.0 basis point.
  • Volatility Index(VIX) futures 24.2 -.41%.
  • Euro Stoxx 50 futures -.10%.
  • S&P 500 futures +.21%.
  • NASDAQ 100 futures +.24%  
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (AZO)/25.28
  • (CONN)/-.83
  • (SIG)/.32
After the Close:
  • (AVAV)/.24
  • (CASY)/3.13
  • (PLAY)/.04
  • (MDB)/-.17
  • (SWBI)/.44
  • (SFIX)/-.47
  • (TOL)/3.94
Economic Releases
8:30 am EST
  • The Trade Balance for Oct. is estimated to widen to -$80.0B versus -$73.3B in Sept.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Georgia Senate runoff election, RBA statement, weekly US retail sales reports, Truist Industrials/Services Summit, Citi Consumer Conference, Morgan Stanley Consumer/Retail Conference, Goldman Financial Services Conference and the (NSC) investor day could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are modestly lower, weighed down by financial 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 day.

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