First Call

First Call January 13, 2021

Jan 13, 2021

Thomas Thornton

  • S&P futures down 0.4% in Wednesday morning trading. In the last hour futures have faded a little due to a story out with Bernies Sanders to become chair of the Senate Budget Committee and wants any stimulus bill to “raise revenue in a progressive manner” (i.e. tax hikes)
  • Asian equities mixed overnight with Japan a standout, up just over 1%, while Hong Kong and China saw modest pullbacks.
  • European equities mostly lower.
  • Treasuries unchanged to stronger at the long end.
  • Dollar firmer vs yen and euro, a bit weaker against sterling.
  • Gold up 0.6%.
  • WTI crude up 0.4%.
  • Bond bullish sentiment is at 41% vs 43%
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