First Call: June 24, 2019

First Call: June 24, 2019

S&P futures up 0.2% after US equities rallied last week, finishing higher for a third straight week. Asian markets mostly higher overnight, though upside limited. European markets largely on the defensive. Treasuries stronger with curve flattening. Dollar weaker...
First Call: June 24, 2019

The Week Ahead: June 23, 2019

Key events and focus There are several important macro events this week but investors will be most focused on the G20 Leader’s Summit in Japan, scheduled to start Friday 6/28-29.  Trump and Xi are scheduled to meet but it’s doubtful any news will hit ahead of the...
First Call: June 24, 2019

Sentiment Extremes with Gold, Stocks, and Bonds

Sorry to all of you on trial.  For some reason clients got the note earlier and those on trial were left off distribution.  And FYI trials will be ending VERY SOON so here’s the link to sign up as a full client.  We are working hard for our clients and are excited...
First Call: June 24, 2019

First Call: June 21, 2019

S&P futures down 0.2%, but still on track for a third straight week of gains following a four-week losing streak. Asian markets mixed overnight. China a standout, while Japan lagged, losing nearly 1%. European markets higher. Treasuries under pressure with bearish...
First Call: June 24, 2019

First Call: June 20, 2019

S&P futures up 0.9%, near best levels, with the narrative remains dominated by events that occurred earlier in the week, including Draghi’s speech (Tuesday morning), Trump’s Xi phone call/G20 tweet (Tuesday morning), and the FOMC (Wednesday afternoon).  Asian...