First Call

First Call March 25, 2021

Mar 25, 2021

Thomas Thornton

  • S&P and Nasdaq futures are both down 0.45% at worst levels after US equities finished lower on Wednesday, selling off through the afternoon and ending near worst levels with growth/momentum/pandemic winners coming under pressure despite continued signs of rate stabilization.
  • Treasuries little changed ahead of key seven-year note auction this afternoon.
  • Gold off 0.1%.
  • WTI crude down 2.2% after rallying nearly 6% on Wednesday (and falling more than 6% on Tuesday) despite lack of progress in moving stuck ship in Suez Canal.