First Call

First Call January 29, 2021

Jan 29, 2021

Thomas Thornton

  • S&P futures and Nasdaq futures down 1% in Friday morning trading. Comes after US equities bounced on Thursday but ended off at their best levels for the session. Major indexes on track for a big weekly pullback.
  • Europe and Asia down hard in various countries
  • Treasuries mostly weaker with the curve steepening. 10s now firmly above 1% after temporarily breaching that level earlier in the week. Stronger inflation data. 10 year yield chart on this note
  • Dollar seeing good gains vs yen but weaker vs euro.
  • Gold up 1.5%.
  • Silver futures up strong - I AM ADDING SLV AS A NEW LONG ON THE OPEN
  • WTI crude up 0.6%.
  • Bitcoin up strong on Elon Musk Twitter pump. Charts on this note
To access this post, you must purchase Small Institutions, Retail or Private Investors.
If you already have an account please