First Call December 2, 2020

by | Dec 2, 2020 | First Call

  • S&P and Nasdaq futures down 0.4%.
  • S&P and other equity index bullish sentiment is firmly in the extreme zone
  • Asian markets mixed overnight with Korea and Taiwan the big gainers, hitting new record highs, while Japan, China, and Hong Kong ended narrowly mixed.
  • European markets are mostly weaker.
  • Treasuries firmer following a big backup in yields on Tuesday that also saw 10-year breakevens hit their highest level in 18 months.
  • Dollar stronger on the major crosses, particularly vs yen and sterling.
  • Gold up 0.3% after a big gain yesterday.
  • WTI crude down 0.4%.
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