Monday, January 30, 2023

Tuesday Watch

Evening Headlines

Bloomberg:              

Fox News:
CNBC.com:
MarketWatch:                  
Zero Hedge:
Newsmax:
Twitter: 
OpenVAERS:
SKirsch.com:
Night Trading 
  • Asian equity indices are -.50% to +.25% on average.
  • Asia Ex-Japan Investment Grade CDS Index 105.75 +3.25 basis points. 
  • China Sovereign CDS 52.0 +3.25 basis points. 
  • China Iron Ore Spot 127.7 USD/Metric Tonne -.34%.
  • Bloomberg Emerging Markets Currency Index 48.5 -.01%.
  • Bloomberg Global Risk-On/Risk Off Index  58.4 -.08%. 
  • Bloomberg US Financial Conditions Index .27 -3.0 basis points.
  • Volatility Index(VIX) futures 20.0 -.29%.
  • Euro Stoxx 50 futures -.19%.
  • S&P 500 futures +.24%.
  • NASDAQ 100 futures +.28%.  
Morning Preview Links

Earnings of Note 
Company/Estimate 
 
Before the Open: 
  • (CAT)/4.03
  • (GLW)/.44
  • (XOM)/3.28
  • (GM)/1.68
  • (IP)/.69
  • (MAN)/2.12
  • (MPC)/5.63
  • (MCD)/2.46
  • (MDC)/1.52
  • (NVR)/98.88
  • (PFE)/1.04
  • (PSX)/4.45
  • (PBI)/.08
  • (PII)/3.26
  • (PHM)/2.92
  • (SYY)/.84
  • (UPS)/3.59
After the Close:
  • (AMD)/.67
  • (AMGN)/4.08
  • (DOX)/1.34
  • (BXP)/1.84
  • (CP)/1.09
  • (CB)/4.25
  • (EA)/3.04
  • (IEX)/1.97
  • (JNPR)/.65
  • (MTCH)/.60
  • (MDLZ)/.70
  • (SNAP)/.12
  • (SYK)/2.84
  • (WDC)/-.13
Economic Releases
8:30 am EST
  • The Employment Cost Index for 4Q is estimated to rise +1.1% versus a +1.2% gain in 4Q.
9:00 am EST
  • The FHFA House Price Index MoM for Nov. is estimated to fall -.5% versus unch. in Oct..
  • The S&P CoreLogic CS 20-City MoM SA for Nov. is estimated to fall -.7% versus a -.52% decline in Oct.
  • The S&P CoreLogic CS 20-City YoY NSA for Nov. is estimated to rise +6.7% versus a +8.64% gain in Oct.
9:45 am EST
  • The MNI Chicago PMI for Jan. is estimated to rise to 45.0 versus 44.9 in Dec.
10:00 am EST
  • The Conference Board Consumer Confidence Index for Jan. is estimated to rise to 109.0 versus 108.3 in Dec.
10:30 am EST
  • The Dallas Fed Services Activity Index for Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The German retail sales report and the weekly US retail sales reports,  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 technology and consumer shares in the region. I expect US stocks to open mixed and to weaken into the afternoon, finishing modestly lower.  The Portfolio is 50% net long heading into the day.

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