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First Call

First Call November 30, 2020

Nov 30, 2020

Thomas Thornton

  • S&P futures down 0.2% after US equities rallied again last week with multiple major indexes hitting fresh record highs and value extending its recent outperformance vs growth.
  • Asian markets mostly lower overnight with Hong Kong a notable underperformer, down more than 2%, while Korea and Australia also lagged.
  • European equities also lower after rallying last week.
  • Treasuries are unchanged to a touch weaker at the back end.
  • The Dollar a bit weaker against the euro, but a touch firmer on the yen cross.
  • Gold off 0.9%.
  • WTI crude down 0.7%.
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