Good morning. US equity futures are leaning weak, SPX -5pts, we’re set to open at 4773. USD is +0.1% at DXY 96.05. The precious metals are fractionally higher, Gold +$1, with Silver +0.1%. WTIC is -1.0% in the $75s.
sp’60min
Summary
Yesterday saw a fractional new hist’ high, then nano chop into the mid afternoon, with moderate cooling into the close. S/t momentum settled on the low side.
Overnight futures have been leaning on the weaker side, not helped by European markets.
A cooling wave to around 4700 appears probable, but that does seem out of range until at least next Mon/Tuesday.
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Early movers
AAPL -0.2%
AG -0.3%
AMD +0.4%
BA -0.2%, Israeli $2bn order for refueling jets
BABA -0.7%, cooling back after a strong Thursday.
BIDU -1.3%, weak Chinese stocks
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COIN -0.1%
Bitcoin is +1.8% in the $47000s… as a yearly close >50k is off the menu, and that is somewhat surprising.
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F -0.2%
FCX -0.1%, with copper +3cents to $4.42
GDX +0.2%
GOLD +0.2%
LI -1.4%, Chinese planning to cut EV subsidies
MRO -0.3%
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MSFT -0.3%
OXY -0.8%
PFE +0.4%, UK approves the not-Ivermectin C19 pills
PTON -1.3%
RCL -0.8%, sinking shippers
SLB -0.6%
TSLA -0.5%
UAL -0.3%
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VIX +4% in the 18s
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WYNN -0.5%
XOM -0.3%
ZM -0.8%, still m/t horror
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Overnight markets
Many markets didn’t even open for New Years Eve. China ended on a moderately positive note, whilst European markets are moderately lower…
Japan: CLOSED
South Korea: CLOSED
China: +0.6% at 3639
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Germany: CLOSED
France: currently -0.4% at 7143
UK: currently -0.5% at 7366
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Sidenote…
Today will be an ‘open day’. My posts will be available to all. Its the best (and at zero costs) advertising I can get. Its been a pretty good year, but I could always use a few more!
Have a good Friday