DailyWatch 10262016

October 26, 2016 @ 8:56 am

Today’s Markets

In Asia, Japan +0.2% to 17391. Hong Kong -1% to 23325. China -0.5% to 3116. India -0.9% to 27836.
In Europe, at midday, London -0.9%. Paris -0.8%. Frankfurt -1.1%.
Futures at 6:20, Dow -0.5%. S&P -0.4%. Nasdaq -0.6%. Crude -1.5% to $49.22. Gold -0.1% to $1271.90.
Ten-year Treasury Yield +2 bps to 1.77%

Today’s Economic Calendar

7:00 MBA Mortgage Applications
8:30 International trade in goods
9:45 PMI Services Index Flash
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction


Market Summary

The S&P futures are trading at 2131 in morning trading.

Apple’s soggy post-earnings performance , a flood of other earnings news and weaker oil prices are weighing on equities, with U.S. stock index futures swimming in the red. Of the 150 S&P companies that have reported so far, 75.3% have beaten analyst expectations, but poor corporate forecasts appear to be the negative catalyst behind the share pullback and others feel the results haven’t been good enough. “We’re seeing positive but not spectacular growth,” said Jon Adams, senior investment strategist at BMO Global Asset Management.

We have seen really no change since my last post.All markets we cover ave not really changed and we are still staying with previous calls for now:

Long : Vix and Dollar

Short : S&P,Gold and Crude

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