First Call

First Call January 12, 2021

Jan 12, 2021

Thomas Thornton

  • S&P futures up 0.2% and Nasdaq up 0.3% after US equities finished lower on Monday with some high-profile tech names among the big laggards while select reflation plays, including banks and energy, continued to outperform.
  • Treasuries mostly weaker again, particularly in the belly of the curve.
  • Dollar little changed vs yen and euro.
  • Sterling a notable outperformer after BOE's Bailey cast doubts on negative rates.
  • Gold up 0.5%.
  • WTI crude up 1.4%.
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