S&P equity futures are trading slightly below Thursday’s close. Major US equity indexes on track to finish lower this week though factor and sector performance very mixed. Growth a meaningful laggard vs value. Asian equities lower overnight with Japan, Hong Kong and China all down over 1%. European markets weaker. Treasuries slightly weaker with some curve flattening following the big bull steepening move on Thursday. Dollar a bit weaker vs yen and euro. Gold up 0.6%. Bitcoin futures off more than 2%. WTI crude down 2%.

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