by Thomas Thornton | Mar 27, 2019 | First Call
TOP OVERNIGHT NEWS S&P futures down 0.2%, just off worst levels. European markets mostly lower following mixed Asian trade. Treasuries rallying again after a pause yesterday. Curve flattening with 3M/10Y spread moving farther into negative territory. Dollar down...
by Thomas Thornton | Mar 26, 2019 | Uncategorized
As we approach the end of the quarter with the S&P up 12% there will be a very large pension re-balancing between stocks and bonds. Several derivative desks estimate there will be ~$25 billion in net selling in equities while there will be ~$23 billion of net...
by Thomas Thornton | Mar 26, 2019 | First Call
TOP OVERNIGHT NEWS S&P futures up 0.5%, a bit off best levels. European equity markets higher. Follows mixed Asian trade. Treasuries under some pressure after recent strength. Dollar better on yen and euro crosses, down against sterling. Gold down 0.6%. Oil...
by Thomas Thornton | Mar 25, 2019 | Uncategorized
The Mueller report came out finally clearing President Trump of collusion with Russia with the 2016 election. I never thought this was going to be a winner for the Democrats. If Trump was actually guilty he probably would have stopped the investigation a long time...
by Thomas Thornton | Mar 25, 2019 | First Call
Are you getting this First Call email but can’t log on to the Daily Note? Email us top overnight news S&P futures down 0.15% after US equities finished mostly lower last week, led down by a sharp selloff in the financials. Asian equities weaker overnight with...
