First Call

First Call February 24, 2020

Feb 24, 2020

Thomas Thornton

  • S&P futures down 2.4% after US equities came under some pressure late last week.
  • Stocks on track for the first three-day losing streak since early December.
  • Asian equities lower overnight with South Korea and Australia the big decliners, followed by Hong Kong and Taiwan. China held up better while Japan closed for the holiday.
  • European markets down big with Italy one of the worst performers.
  • Treasuries rallying across the curve.
  • Dollar weaker vs yen but better vs euro and sterling.
  • Gold up 2.1%. WTI crude down 3.9%.
  • I will be on Bloomberg TV at 2:30pm EST today
  • Most of the Market Conviction page is updated and will be 100% done by 10am
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