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First Call

First Call May 20, 2021

May 20, 2021

Thomas Thornton

  • S&P futures down 0.2% and Nasdaq futures are flat after US equities finished lower, but well of their worst levels for the session on Wednesday. S&P on track for a fourth straight decline, something that has not happened since February.
  • Treasuries are mostly stronger with the curve flattening.
  • Dollar weaker on the major crosses.
  • Gold off 0.6%.
  • Bitcoin futures up 1.7%.
  • WTI crude off 1.2% after falling more than 3% in the prior session.
  • Doubling CSCO long to 2% and holding KSS short
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