First Call November 19, 2019

Nov 19, 2019 | First Call

  • S&P futures up 0.2% after US equities finished slightly higher on Monday.
  • Home Depot a good tell on the US consumer/economy missed earnings with poor guidance
  • FOMO/melt-up talk, continued expectations for US and China to secure an interim trade deal (despite recent reports of complications), China policy easing hopes, disappointing retail results and Hong Kong tensions have received the bulk of the attention. Treasuries are weaker with some curve flattening. Dollar not doing much vs yen and euro. Gold down 0.3%. WTI crude down 1.3%.
  • S&P futures daily now has DeMark Sequential Countdown 13 today with Combo on day 11 of 13