First Call June 7, 2021

by | Jun 7, 2021 | First Call

  • S&P futures down 0.1% after US equities finished higher last week with the S&P closing at a new record. Value outperformed growth by ~60 bp with energy a standout while meme/Reddit stocks also saw big gains.
  • A very quiet morning
  • Asian markets mixed overnight. Japan, China, and South Korea ended higher while Hong Kong and Australia were among the laggards.
  • European markets mostly higher though upside limited.
  • Treasuries little changed to a bit weaker following a big rally last Friday though 10-year yields remain below 1.60%.
  • The dollar is narrowly mixed.
  • Gold off 0.2%.
  • WTI crude down 0.5%.
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