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First Call

First Call August 26, 2020

Aug 26, 2020

Thomas Thornton

  • S&P futures little changed after US equities were mostly higher on Tuesday, finishing near their best levels for the session. S&P and Nasdaq were both up for a fourth straight session though the market remained largely devoid of directional drivers.
  • S&P and Nasdaq bullish sentiment remains extreme
  • Asian markets mostly lower overnight with China the notable laggard, down more than 1%.
  • European markets are mixed to slightly higher.
  • Treasuries weaker with yields up for a third straight day.
  • Dollar firmer vs euro but weaker vs yen.
  • Gold up 0.1%.
  • WTI crude little changed.
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