First Call December 7, 2020

by | Dec 7, 2020 | First Call

  • S&P futures down 0.3% with the Nasdaq futures flat.
  • Asian equities mixed overnight with Hong Kong the worst performer, down over 1%, while China and Japan also lagged. European markets are weaker.
  • Treasuries firmer with some curve flattening following a bearish steepening move that received outsized attention last week.
  • The Dollar a bit better vs yen and euro.
  • Sterling weakness the big story in FX with the lack of a Brexit deal.
  • Gold off 0.3%.
  • WTI crude down 1.2%.
  • One new Erlanger sell signal: FXI (Hong Kong China ETF) I am adding to the short side
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