First Call July 21, 2021

by | Jul 21, 2021 | First Call

  • S&P futures are flat and Nasdaq futures down 0.33% both off best levels, after US equities rallied on Tuesday with all of the major indexes up at least 1.5%, the S&P nearly erasing Monday's selloff, the Nasdaq snapping a five-day losing streak, and the Russell posting its biggest one-day gain since early March.
  • Asian markets mixed overnight with China and Japan among the standouts while South Korea, Taiwan and Hong Kong lagged.
  • European markets seeing strong gains.
  • Treasuries weaker but off worst levels and 10-year yields back below 1.25%. - both 10 and 30's charts on note
  • Dollar firmer vs yen and euro.
  • Gold off 0.4%.
  • WTI crude up 1.2%.
  • Bitcoin bouncing - chart on note
  • Goldman Sachs Reopening Basket with new DeMark buy signal
  • This was why I added some reopening long trades yesterday
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!