First Call January 16, 2020

by | Jan 16, 2020 | First Call | 0 comments

  • S&P futures up 0.3% after US equities finished mostly higher on Wednesday, extending recent gains.
  • No change in the bullish narrative surrounding trade, renewed central bank balance sheet expansion, expectations for an earnings rebound and US economic resilience.
  • The biggest concern seems to continue to revolve around valuation.
  • Treasuries little changed to slightly stronger. Dollar a bit firmer vs yen and slightly weaker vs euro. Gold up 0.1%. WTI crude down 0.3%.
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