First Call

First Call February 24, 2021

Feb 24, 2021

Thomas Thornton

  • S&P futures up 0.3% after US equities finished mixed on Tuesday with the major indexes well off their worst levels for the session following an earlier selloff led by growth and momentum factors.
  • Asian markets under pressure overnight with the focus on tech weakness and a ~3% selloff in Hong Kong on concerns about a share trading stamp duty.
  • European markets are higher.
  • Treasuries weaker across the curve - both the US 10 year and 30 year yield are on day 8 of 9 with DeMark Setup - a short term stall is possible in the next couple days
  • Dollar seeing good gains vs yen but weaker on euro cross.
  • Gold up 0.2%. Bitcoin bouncing, back up above $50K.
  • WTI crude up 1.2%. (new DeMark Sequential sell Countdown on WTI)
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