FIrst Call October 13th, 2020

by | Oct 13, 2020 | First Call

  • S&P futures down 0.1%, but off worst levels of the session in Tuesday morning trading.
  • In addition, Nasdaq futures up 0.6%. Follows a sharp rally in US equities on Monday led by big tech stocks. Softbank could be back doing its options gamma game.
  • Asian markets narrowly mixed overnight. China reversed earlier losses and eked out a gain, pushing market cap above $10T for the first time since 2015.
  • European markets lower.
  • Treasuries firmer with some flattening after the bond market was closed on Monday due to the Columbus Day holiday.
  • Dollar stronger on the major crosses.
  • Gold down 0.2%.
  • WTI crude up 1.7% after losing nearly 3% in the prior session.
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!