First Call May 14, 2020

by | May 14, 2020 | First Call

  • S&P futures down 0.5% after US equities came under pressure for a second straight session on Wednesday. Recent weakness largely chalked up to concerns about the disconnect between the magnitude of the recovery in stocks and the very weak macro backdrop.
  • Asian equities lower overnight with Japan, Taiwan, and Hong Kong all down more than 1%.
  • European markets under pressure.
  • Treasuries mostly firmer with some curve flattening.
  • Dollar higher on the major crosses.
  • Gold up 0.3%.
  • WTI crude up 3.9%. IEA said oil market demand has been a little stronger than expected.
  • SHORT INTEREST UPDATE WEBINAR TODAY AT 9 AM ET HERE'S THE LINK TO REGISTER
To access this post, current subscribers need to first log on or click here if you would like to learn more about becoming a subscriber to Hedge Fund Telemetry. If you need any assistance logging on or have questions about our membership plans, please email here. Thank you!