Wake Up Call – The Day Ahead Dec 10 2021

A live recap of what happened while we slept overnight and what lies ahead. We go through charts on the S&P 500, WTI Oil and Natural gas. A little chop and rebalance of recent moves overnight flowing on from yesterday with ES and oil in slight corrective mode. Moves from Asian markets mostly lower. Evergrande back in the news and the markets primed for American inflation data.

  • Enjoy live commentary from Our Trading Room at youtube as the day wraps up – feel free to like and share

One key thing to watch after the CPI print is how interest rate hike expectations change. At present Fed futures pricing in 2 hikes next year.

Yesterday’s Recap: Market Wrap – Stocks and Oil Take a Breather Ahead of US Inflation Report

The markets:

  • WTI futures off overnight highs down 1.09 at $71.70
  • Natural gas +.05 as market try’s to rebalance ahead of today’s CPI report
  • Apple hanging around $174.80 after $AAPL trades near ATH and large option strike levels
  • Senate passes vote to clear way to increase debt ceiling next week with simple majority vote
  • AVGO, ORCL, and COST up after their earnings reports
  • LULU and CHWY down after their earnings reports
  • Ratings changes: ARNC, JBL, ORCL, RCL, CXM, AGCO, CARR, PTON, LUV, ABT, BAC, C, JPM, PNC, USB, and WFC
  • USD and Treasury yield higher ahead of CPI report at 8:30 a.m. ET 10 yr Note: 1.52%
  • GME sells after after earnings miss, -4.7% after missing EPS estimates on above-consensus revenue. 
  • RH up 10% after earnings
  • AMZN lower on ~$1.3 bln fine by Italy’s antitrust regulators. Amazon plans to appeal the fine, according to CNBC.
  • Spot gold down 1771.40 -5.8
  • Spot silver down -21.58 -0.15
  • Bitcoin +2.85%
  • US Treasury 10-year yields down 1.2 bps to 1.497% after yesterday’s auction.
  • In forex the USD the strongest
  • Japan’s Nikkei: -1.0% (+1.5% for the week)
  • Hong Kong’s Hang Seng: -1.1% (+1.0% for the week)
  • China’s Shanghai Composite: -0.2% (+1.6% for the week)
  • India’s Sensex: UNCH (+1.9% for the week)
  • South Korea’s Kospi: -0.6% (+1.4% for the week)
  • Australia’s ASX All Ordinaries: -0.3% (+1.7% for the week).
  • STOXX Europe 600: -0.2% (+2.9% week-to-date)
  • Germany’s DAX: +0.1% (+3.2% week-to-date)
  • U.K.’s FTSE 100: UNCH (+2.8% week-to-date)
  • France’s CAC 40: -0.1% (+2.0% week-to-date)
  • Italy’s FTSE MIB: -0.1% (+3.3% week-to-date)
  • Spain’s IBEX 35: -0.4% (+1.5% week-to-date).

Overnight Stories in Depth

China CPI increased at its fastest pace since mid-2020 in the November

Banco Central do Brasil​ again aggressively hiked its benchmark interest rate by 1.5% to 9.25%.

Reserve Bank Of New Zealand TWI Re-Weighting Sees Chinese Yuan Higher and Australian Dollar Lower

U.S. And Israel To Discuss Military Drills For Different Iran Scenarios

The DIX Dark Index As a Proxy For Buying Activity Opportunities.

Visit Traders Market Weekly: When The Rubber Meets The Road – TRADERS COMMUNITY for the daily calendar

Earnings Calendar For Today

Earnings BMO

  • HRL Hormel Foods
  • CIEN  Ciena
  • ARHS Arhaus
  • HOV Hovnanian Enterprises
  • LQDT Liquidity Services
  • TRDA Entrada Therapeutics
  • KALV Kalvista Pharmaceuticals 
  • HOFT Hooker Furnishings
  • LEE Lee Enterprises       
  • EVFM Evofem Biosciences
  • KRKR 36Kr Holdings

Earnings AMC

  • ORCL Oracle
  • AVGO Broadcom
  • COST Costco Wholesale
  • LULU Lululemon Athletica
  • CHWY Chewy
  • MTN Vail Resorts
  • LESL Leslies       
  • CXM Sprinklr
  • CMTL Comtech
  • AOUT American Outdoor Brands
  • SONX Sonendo

Any questions please feel free to ask them below. Trade Smart!

Have a great trading day!


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