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First Call August 11, 2020

by | Aug 11, 2020 | First Call | 0 comments

  • S&P futures up 0.5% off earlier highs. US equities finished mostly higher on Monday with value extending its recent outperformance vs growth with reopening plays faring particularly well. 
  • Asian markets mostly overnight with Hong Kong, Japan, and South Korea among the standouts while China underperformed, falling more than 1%.
  • European markets seeing big gains.
  • Treasuries weaker across the curve (I might be changing my bias on Bonds today to negative as yields could continue higher).
  • Dollar firmer vs the yen but weaker on the euro cross.
  • Gold down 2.5% and back under $2,000/oz and Silver is down 4.5%.
  • WTI crude up 1.8%.
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