- S&P futures up 1.0% in Monday morning trading after US equities came under pressure last week with growth and momentum meaningfully underperforming value and cyclicals with the backup in bond yields.
- Covering BRK/B with a 1% gain - no surprises with earnings
- I am adding for First Call note going forward the Euro Stoxx 600 DeMark Observations
- Asian markets rallied overnight with Japan's Nikkei and China's Shenzen the standouts, both up nearly 2.5%.
- European markets seeing good gains.
- Treasuries are mostly stronger with the rally in global sovereign bonds. Belly of the curve outperforming while the long end weaker.
- Dollar firmer vs yen and euro.
- Gold up 0.8%.
- WTI crude up 0.9%, a bit off best levels.
First Call
First Call March 1, 2021
