First Call May 10, 2021

by | May 10, 2021 | First Call

  • S&P futures are up 0.10% with Nasdaq futures down 0.40% in Monday morning trading after US equities finished mostly higher last week with upside leadership from commodity equities, financials, and industrials. Growth and momentum underperformed.
  • Asian markets mostly higher overnight with Japan one of the better performers while Hong Kong ended slightly lower.
  • European markets mixed.
  • Treasuries unchanged to a touch weaker but 10-year yields holding below 1.60%.
  • Dollar somewhat firmer vs yen, little changed on euro cross, and under some pressure vs sterling.
  • US Dollar Index with daily and weekly DeMark buy Countdown 13's now in play. Charts on bottom of this note
  • Gold up 0.4%.
  • WTI crude up 0.5%.
  • TOMORROW THERE WILL NOT BE ANY NOTES PUBLISHED
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