Good morning. US equity futures are fractionally higher, SPX +6pts, we’re set to open at 4799. USD is +0.1% at DXY 96.07. The precious metals are leaning weak, Gold -$2, with Silver -0.3%. WTIC is -0.5% in the $76s.
sp’60min
Summary
Yesterday saw considerable chop, with the broader market settling effectively flat. S/t momentum settled on the low side.
Overnight futures have been very subdued, if leaning a little upward.
After a ramp from 4531>4807, I’m still inclined to see at least a 1-2% cooling wave/retrace, before resuming upward.
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Early movers
AAPL +0.3%
AG -0.4%, lower silver
BIIB -6.6%, Samsung Biologics deny bid talks
CLF +0.6%
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COIN +0.9%
Bitcoin is +2.6% in the $47000s
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DAL -0.6%, travel concerns
DIDI -3.2%
DKNG -0.3%
FB +0.5%
FCX -0.3%, with copper u/c at $4.41
GOLD -0.3%
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MU -1.5%, warning that renewed Chinese lockdowns might cause memory chip delays
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PFE +0.4%
SLB -0.2%
T +0.3%
TGT +0.3%
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TSLA -0.4%, Citi maintain ‘sell’, 236>262. That is NOT a typo, for what is a truly bizarre target… much like JPM.
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TLT +0.2%, as yields cool a little
TWTR +0.3%
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VIX +0.4% in the 17s
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WYNN -0.5%
XOM +0.3%
ZM -0.2%, Citic ‘buy to $260’.
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Overnight markets
Asian markets were moderately mixed, whilst European markets are fractionally mixed…
Japan: -0.4% at 28791
China: +0.6% at 3619
Germany: currently u/c at 15893
UK: currently +0.1% at 7425
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Meanwhile…
Didn’t I mention this guy last night?
I see people are riled up…
Florida has surpassed 4 million COVID cases and broke another daily record number of cases. Ron DeSantis hasn’t had a public briefing on COVID since Dec 17th. The coward won’t show his face to respond to questions about the crisis he is presiding over.https://t.co/ObkjMunp5A
— Thomas Kennedy (@tomaskenn) December 30, 2021
Such an absence is suggestive he is afk due to catching Omicron.
So what? Regardless, I hold to what I said last evening.
Have a good Thursday