Tuesday Watch

Bloomberg:

• China Reports Biggest Virus Spike Since End of Wuhan Outbreak.

• China Is Buying American But Not Enough to Hit Trade Deal Target.

• U.K. Hospitality Industry Sales Slump 87% as Coronavirus Lockdown Bites.

• Asian Stocks Set for Muted Start; Gold Steadies: Markets Wrap.

• Silver Futures Extend Gains to $25 as Gold at All-Time High.

• Safety in Bullion, U.S. Stimulus Haggle, Debt Defaults: Eco Day.

• GOP Rolls Out $1 Trillion Stimulus to Start Talks With Democrats.

• Student Loan Relief, Childcare Grants Included in GOP Stimulus.

• Collins Is Second Republican to Oppose Shelton for the Fed.

• U.S. Economic Recovery Stalls for a Fourth Consecutive Week.

• U.S. Cases Up 1.3%; Infections Slow in Key States: Virus Update.

• Hedge Fund Fees in Free Fall Is the New Reality For a Humbled Industry.

• Gold Rips Up Record Book as $2,000 Test Looms in Hunt for Haven.

• Trump Advances Bid to Weaken Shield for Twitter, Facebook.

Digital Blackboard:

• Daily New Cases by Region.

Worldometer:

• New Cases/Deaths by state.

Rt Covid-19:

• How fast virus is growing by state.

KFF:

• State Data(Tests/Hospitalizations).

Night Trading

Morning Preview Links

Earnings of Note
Company/Estimate

After the Close:

• (AMD)/.17

• (AFL)/1.05

• (AKAM)/1.21

• (AMED)/.81

• (AMGN)/3.77

• (CAR)/-5.84

• (BXP)/1.74

• (BYD)/-1.50

• (CHRW)/.61

• (CB)/-.39

• (CYH)/-.83

• (EBAY)/1.06

• (EIX)/1.00

• (FEYE)/-.02

• (JNPR)/.34

• (LSCC)/.15

• (MXIM)/.56

• (MDLZ)/.56

• (NCR)/.24

• (PKI)/.78

• (STX)/1.23

• (SBUX)/-.57

• (V)/1.04

• (WH)/-.06

Economic Releases

9:00 am EST

• The S&P CoreLogic CS 20-Ciuty MoM for May is estimated to rise +.3% versus a +.33% gain in April.
  

10:00 am EST

• The Conference Board Consumer Confidence Index for July is estimated to fall to 94.7 versus 98.1 in June.

• The Richmond Fed Manufacturing Index for July is estimated to rise to 5 versus 0 in June.

Upcoming Splits

Other Potential Market Movers

• The Spain Unemployment Rate, weekly US retail sales reports, $44B 7Y T-Note auction and the Keefe/Bruyette/Woods Community Bank Conference could also impact trading today.

Market Hours
Normal:

• 9:30 am – 4:00 pm EST
  

BOTTOM LINE: Asian indices are modestly higher, boosted by commodity and technology shares in the region. I expect US stocks to open modestly higher and to weaken into the afternoon, finishing mixed. The Portfolio is 75% net long heading into the day.