First Call

First Call August 5, 2020

Aug 5, 2020

Thomas Thornton

  • I figured out how to get the gasoline back up generator working and hope to have full power today as the Northeast still has a lot of power outages.
  • S&P futures up 0.4%, off best levels
  • Asian equities mostly higher overnight with South Korea, Taiwan, and China among the best performers while Japan and Australia declined.
  • European markets seeing strong gains.
  • Treasuries weaker with some curve steepening.
  • Dollar weaker on the major crosses.
  • Gold up 1.7%.
  • WTI crude up 3.4%.
  • Crude did get the upside exhaustion Countdown 13 today and Gold futures which has been running behind GLD in the countdown is on day 11 of 13 with Sequential.
  • Gold and Silver bullish sentiment is very extreme at 93%.
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