Wednesday, January 18, 2023

Thursday Watch

Evening Headlines

Bloomberg:          

Fox News:
CNBC.com:
MarketWatch:           
Zero Hedge:
Newsmax:
TheGatewayPundit.com:
The Epoch Times:   
Twitter: 
 OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.75% to unch. on average.
  • Asia Ex-Japan Investment Grade CDS Index 104.5 -2.0 basis points. 
  • China Sovereign CDS 51.0 -2.0 basis points. 
  • China Iron Ore Spot 124.0 USD/Metric Tonne +1.9%.
  • Bloomberg Emerging Markets Currency Index 48.3 -.15%.
  • Bloomberg Global Risk-On/Risk Off Index  52.9 -.6%. 
  • Bloomberg US Financial Conditions Index .12 -3.0 basis points.
  • Volatility Index(VIX) futures 21.7 +.06%.
  • Euro Stoxx 50 futures -.55%.
  • S&P 500 futures -.11%.
  • NASDAQ 100 futures -.12%.  
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (BKU)/1.10
  • (CMA)/2.56
  • (CBSH)/1.03
  • (FAST)/.42
  • (FITB)/1.00
  • (HTLD)/.30
  • ((KEY)/.55
  • (MTB)/4.44
  • (NTRS)/1.81
  • (PG)/1.59
  • (TFC)/1.28
After the Close:
  • (NFLX)/.54
  • (PPG)/1.13
  • (SIVB)/5.26
Economic Releases
8:30 am EST
  •  Housing Starts for Dec. is estimated to fall to 1358K versus 1427K in Nov.
  • Building Permits for Dec. is estimated to rise to 1365K versus 1342K in Nov.
  • The Philly Fed for Jan. is estimated to rise to -11.0 versus -13.8 in Dec.
  • Initial Jobless Claims for last week is estimated to rise to 214K versus 205K the prior week.
  • Continuing Claims is estimated to rise to 1655K versus 1634K prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Brainard speaking, Australia Unemployment Rate and the weekly EIA natural gas inventory report could also impact global trading today.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST
BOTTOM LINE: Asian indices are mostly 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.

No comments: