First Call August 16, 2021

by | Aug 16, 2021 | First Call

  • S&P futures down 0.4% after US equities finished mostly higher last week with upside leadership from cyclicals with banks, industrial metals, transports and machinery among the standouts. 
  • This will be the only note published today so I jammed a lot of charts on the note
  • I included some great commentary by friend Dean Curnutt of Macro Risk Advisors
  • Asian markets mostly lower overnight with Japan the big decliner, off more than 1.5% and down for a third straight session. 
  • European markets weaker. 
  • Treasuries firmer across the curve with 10-year yields at 1.25%. 
  • Dollar weaker vs yen but firmer vs euro. 
  • Gold off 0.2%. 
  • Bitcoin up 2.0%. 
  • WTI crude off 2.9%.
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