First Call March 19, 2021

Mar 19, 2021 | First Call

  • S&P futures up 0.2% after US equities came under pressure on Thursday with growth and momentum under outsized scrutiny and a big selloff in energy. Major indexes on track to finish mostly lower for the week.
  • Adding DBA as a new short idea
  • Asian markets came under pressure overnight with China down over 1.5% and Japan and Hong Kong down nearly 1.5%.
  • European markets on the defensive.
  • Treasuries firmer with 10-year yields below 1.70% after hitting 1.75% on Thursday.
  • Dollar weaker vs yen and little changed vs euro.
  • Gold up 0.4%.
  • WTI crude 0.4% after falling over 7% on Thursday and ending down for a fifth straight session.