- S&P futures down 0.6% at lows after US equities put in a mixed performance on Monday, finishing around their best levels for the session with the S&P 500 posting a fifth-straight record close.
- Asian markets were weaker overnight with China’s Shanghai Composite down 2% and Hong Kong off more than 1.5%. (Continue to avoid China and KWEB chart below)
- European markets are weaker.
- Treasuries are mostly firmer with more curve flattening. 10-year yields below 1.25%.
- Dollar little changed vs yen and euro.
- Gold up 0.3%.
- Bitcoin up 1.8%.
- WTI crude off 0.7%.
- Expect the 13F quarterly note with Hedge Fund Holdings and another great note from Dave Newman