First Call June 11, 2021

Jun 11, 2021 | First Call

  • S&P and Nasdaq futures up 0.1% in Friday morning trading after finishing mostly higher on Thursday with the S&P posting a fresh record close. US equities on track for a mixed performance this week with growth a big outperformer vs value.
  • Asian equities mixed in fairly uneventful overnight trading. Hong Kong outperformed while China lagged.
  • European equities are higher.
  • Treasuries firmer across the curve and on track for best weekly performance in a year. 10-year yields holding around 1.45%.
  • Dollar stronger on the major crosses.
  • Gold down 0.3%.
  • WTI crude up 0.5%, on pace for third-straight weekly gain.
  • There are new DeMark exhaustion signals as shown on this note with WTI and Brent