Good morning. US equity futures are moderately lower, SPX -14pts, we’re set to open at 3685. USD is +0.3% in the DXY 91.01s. The precious metals are broadly weak, Gold -$6 (printing $1824), with Silver -1.8% (printing $23.63). WTIC is -0.5% in the $45s.
sp’60min
Summary
Last week ended on the most bullish note possible, the market breaking a new hist’ high of 3699 in the final minutes. S/t momentum settled fractionally positive.
Overnight futures have been a little choppy, leaning on the weaker side, as the market is s/t over-stretched.
The weekend news/reports have been further disturbing. The clampdown on those speaking out against the lockdowns, and (largely) untested vaccines is increasing. There is even talk within my own sick nation of the UK, of pushing terrorism charges against those who publicly argue against restrictions and the vaccines.
Yours truly is perhaps just one legislative act away from being deemed a terrorist. As I will continue to say… my society is not fit for survival. If I’m to die within the next year or two, at least I’ll be on the right side of history.
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The Celente – with Hunter, merits attention…
For those with the time, its recommended.
In fact, I’ll say… MAKE the time.
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Early movers
AMD +0.8%
BA +1.7%
BAC -0.6%
CCL -1.6%
DIS -0.4%
F -1.1%
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GDX -0.8%
GOLD -0.4%
INTC -1.6%, concern of Apple MAC chips
LI -3.7%, Friday saw a secondary offering
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LYFT +1.8%, Piper Sandler, neutral>overweight, 39>61
MRNA +2.1%
NEM -0.3%
NIO -3.8%
PFE +0.9%, (non-corona) drug study results.
SLB -1.0%
SPCE +3.0%, s/t speculative hysteria
TSLA +0.7%
TLT +0.6%, yields cooling
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TOL +1.6%, earnings due in AH
UNG -6.7%, with Nat’ gas -18cents to $2.39
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VIX +6% in the 22s
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WYNN -1.3%
X -0.8%
XOM -1.0%
ZM +0.4%
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Overnight markets
Asian markets began the week on a moderately weak note, whilst European markets are somewhat mixed…
Japan: -0.8% at 26547
China: -0.8% at 3416
Germany: currently -0.3% at 12261
UK: currently +0.5% at 6584
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Have a good Monday