First Call October 1, 2021

by | Oct 1, 2021 | First Call

  • S&P futures are up 0.3% and Nasdaq futures are up 0.25% well off lows after Merck Covid news in Friday morning trading after US equities were lower on Thursday with the Dow and S&P both down over 1%. Stocks on track for big weekly losses.
  • Several important economic data points today
  • Asian markets were weaker overnight with Japan and Australia down at least 2% and Korea off more than 1.5%.
  • Greater China markets were closed for holiday.
  • European markets on the defensive also off lows
  • Treasuries are firmer across the curve with 10-year yields back below 1.5%.
  • Dollar slightly weaker on the major crosses.
  • Gold off 0.2%.
  • Bitcoin up 9.5%.  New DeMark sell Countdown 13 today with the chart on the note
  • WTI crude down 0.3%. BCOM charts on the note
  • Natural Gas charts are overbought with some daily and weekly exhaustion signals in play
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!