First Call June 23, 2021

Jun 23, 2021 | First Call

  • S&P and Nasdaq futures are flat, off best levels. Comes after US equities finished higher on Tuesday, extending a big Monday bounce. Growth outperformed value after trailing by 100 bp during Monday's rally.
  • Asian equities mostly higher overnight with Hong Kong the standout, up ~1.8%, while Japan ended down and Australia lagged on new Covid restrictions.
  • European markets mostly lower.
  • Treasuries narrowly mixed with 10-year yields still below 1.50%.
  • Dollar firmer vs yen but a touch weaker on the euro cross.
  • Gold up 0.3% - chart on this note
  • Bitcoin futures up over 4%. - charts on this note
  • WTI crude up 0.7%. XLE and OIH new Erlanger ETS momentum sell signals - charts on this note