A daily market update from Fundstrat – what you need to know ahead of opening bell

"Sometime it's hell getting to heaven." — The Undertaker

First news

  • Investors sour on Chinese markets, expect miracles of India’s
  • Desperate Chinese developers sweeten cheap housing with expensive gifts
  • Netflix wrestles its way into live events via landmark WWE deal
  • With a wink from Washington, Ankara gives Stockholm the nod for NATO membership, but Budapest may be a pest.

Overnight

  • Trump wins New Hampshire primary; rematch with Biden increasingly likely. link
  • North Korea fires cruise missiles to ratchet up regional pressure. link
  • Russian military plane with 74 on board crashes near Ukraine. link
  • Alibaba rallies after Jack Ma, Tsai buy $200 million of stock. link
  • The two-day Asian Financial Forum begins in Hong Kong today. link
  • An Israeli company is granted the first provisional license to sell lab-cultivated beef steaks. link

MARKET LEVELS

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MORNING INSIGHT

Good morning!

Seventy-five companies are reporting earnings this week. Of the 55 companies that have reported so far (11% of the S&P 500):Overall, 65% are beating estimates, and those that are, are doing so by a median of 6%.Of the...

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