First Call July 6, 2020

by | Jul 6, 2020 | First Call

  • S&P futures up 1.1%
  • Equity bullish sentiment is in the extreme zone and more upside DeMark sell Countdown exhaustion signals are closer
  • Asian markets higher overnight with China the standout, up nearly 6%, its biggest one-day gain since 2015. Hong Kong up nearly 4%, while Japan, Taiwan, and South Korea also fared well. Australia the lone declined.
  • European markets also seeing strong gains.
  • Treasuries mostly weaker with some curve deepening.
  • Dollar little changed vs yen but weaker vs euro and sterling.
  • Gold down 0.2%.
  • WTI crude up 0.2%.
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