First Call February 2, 2021

by | Feb 2, 2021 | First Call

  • S&P futures up 0.8% after US equities bounced on Monday with the index posting its biggest one-day gain since late November. Big tech and small caps among the standouts.
  • Selling the SLV long
  • Asian equities higher overnight with Taiwan, Australia, Hong Kong, and South Korea all up over 1%.
  • European equities also seeing big gains.
  • Treasuries weaker with the curve bear steepening. Dollar firmer vs yen and euro.
  • Gold down 0.9%.
  • Silver down 5.9% after a 9%+ surge in the prior session (margin requirements raised), its biggest since October 2008.
  • WTI crude up 2.4% after gaining more than 2.5% on Monday.
To access this post, current subscribers need to first log on or click here if you would like to learn more about becoming a subscriber to Hedge Fund Telemetry. If you need any assistance logging on or have questions about our membership plans, please email here. Thank you!