First Call February 23, 2021

by | Feb 23, 2021 | First Call

  • S&P futures down 0.5% while Nasdaq futures off 1.4% in Tuesday morning trading. Comes after S&P fell for a fifth straight session on Monday, its longest losing streak in a year, and Nasdaq lost nearly 2.5%.
  • Powell speaking this morning in front of Congress
  • Took a fall on some ice today walking to the office - I'm OK and it's not how I like to start my day
  • I'm on Real Vision Market Briefing later today and that will end the day on a fun note
  • Asian markets mixed overnight with China's Shenzhen and South Korea among the laggards while Hong Kong gained ~1%. Japan closed for a holiday.
  • European markets are weaker.
  • Treasuries are unchanged to a bit stronger following a volatile session on Monday when the 10-year note climbed to an intraday high above 1.39%.
  • Dollar firmer vs yen and euro.
  • Gold flat. WTI crude up 0.4% after gaining more than 4% yesterday.
  • Bitcoin futures lower again, moving below $50K.
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