First Call

First Call September 3, 2019

Sep 3, 2019

Thomas Thornton

  • S&P futures down 0.7% (-20). Comes after US equities rallied last week to snap a four-week losing streak.
  • Trade tensions, political uncertainty (particularly Brexit), dollar strength among the widely cited headwinds.
  • Treasuries firmer across the curve with the 10-year yield back below 1.50%.
  • Dollar lagging yen, but better vs euro. Sterling weakness the big story in FX. Gold up 0.7%. WTI crude down 2.3%.
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