First Call

First Call August 7, 2019

Aug 7, 2019

Thomas Thornton

  • S&P futures down 0.5%, reversing earlier gains. Treasuries rallying across the curve with help from new record-low (negative) yields in Europe. German 10-year Bund yield near -0.6%. Dollar weaker again vs yen, but seeing modest gains on euro cross. Kiwi weakness the big story in FX today. Gold up 1.8%. WTI crude off 1.5% despite a bigger crude stockpile in the API data after the close yesterday.
  • I will be on Bloomberg TV today at 2:30pm EST with Abigail Doolittle - Talking Futures. I will be discussing the extreme bullish sentiment in bonds and gold.
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