First Call September 7, 2021

by | Sep 7, 2021 | First Call

  • S&P futures are flattish up 0.1% in Tuesday morning trading after US equities finished mostly higher last week with upside leadership from defensive sectors and growth plays, while cyclicals were mostly weaker. 
  • Equity sentiment remains extreme and Bitcoin sentiment is also extreme. Sentiment charts on this note
  • Asian markets mixed overnight though China rallied more than 1.5% and Japan saw another round of good gains. 
  • European markets mostly weaker. 
  • Treasuries weaker across the curve with 10-year yields pushing above 1.35%. 
  • Dollar a bit firmer on the major crosses. 
  • Gold down 1.2%. 
  • Bitcoin off 1.0%. 
  • WTI crude down 1.2%.
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