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First Call

First Call January 8, 2021

Jan 8, 2021

Thomas Thornton

  • S&P futures up 0.3% in Friday morning trading after US equities rallied on Thursday with upside leadership from growth and momentum plays.
  • Big economic data on deck for this morning
  • Adding one new Trade Idea long
  • Asian markets mostly higher overnight with Japan, South Korea, and Hong Kong the standouts while China ended lower.
  • European markets are higher.
  • Treasuries narrowly mixed with a touch of steepening, adding to bear steepening move over the last few days.
  • Dollar stronger vs euro and little changed vs yen.
  • Gold off 1.0%.
  • WTI crude up 1.4% and headed for a solid weekly gain.
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