First Call

First Call June 29, 2021

Jun 29, 2021

Thomas Thornton

  • US equity futures little changed on Tuesday morning after the S&P 500 and Nasdaq finished at new record closes on Monday.
  • Growth the leader in the Monday session, reversing some of last week's value outperformance.
  • Asian markets down across the board, Europe bouncing after yesterday's down day.
  • Treasuries a bit weaker across the curve after yesterday's big bull flattening move, though 10-year still holding below 1.5%.
  • Dollar firmer against the euro and little changed on the yen cross.
  • Gold down 0.5%. Another leg down? Chart on this note.
  • Bitcoin up ~3.5%, holding above $35K. Chart on this note
  • WTI Crude flat, off worst levels after yesterday's decline.
  • S&P and Nasdaq bullish sentiment remains in the extreme zone.
  • Yesterday had a negative breadth day while several indexes hit new all-time highs.
  • A lot of good football action with England vs Germany and Sweden vs Croatia - Enjoy
  • I'm on Real Vision's Daily Briefing live at 4pm ET later today
  • Today's Daily Note will be brief 
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