First Call March 17, 2020

by | Mar 17, 2020 | First Call | 0 comments

  • S&P futures up 1.0% in volatile trading. Futures had traded limit-up overnight but were also down more than 1% at one point.
  • Comes after Dow and S&P posted the biggest percentage declines on Monday since 1987 while Nasdaq fell most on record.
  • Asian markets mixed overnight. Australia and Hong Kong among the standouts while China saw a moderate pullback and South Korea and Taiwan sold off.
  • European markets lower.
  • Treasures mostly weaker with some curve steepening.
  • Dollar seeing good gains on the major crosses.
  • Gold down 0.9%. WTI crude up 0.6% after a 9.6% drop yesterday.
  • S&P bullish sentiment is at 4% the same level as December 2018 low
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