First Call June 9, 2021

by | Jun 9, 2021 | First Call

  • S&P futures up 0.1% in Wednesday morning trading after US equities finished little changed in the prior session with small caps, reopening plays, and meme/Reddit names among the standouts while banks, semis, staples, and utilities were among the laggards.
  • Selling GDX long with new Erlanger ETS momentum sell signal
  • Asian markets mostly lower overnight though China bucked the trend.
  • European equities mostly lower but downside limited.
  • Treasuries mostly stronger, extending their recent rally with 10-year yields approaching the 1.50% level.
  • The Dollar a bit weaker on the major crosses.
  • Gold off 0.2%.
  • WTI crude up 0.3%.
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