10 things you need to know before the opening bell


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1. US futures dip ahead of Apple and Facebook earnings. See what markets are doing today.

2. Elon Musk says the SEC is sometimes too close to Wall Street hedge funds. The Tesla boss also said it’s strange the regulator isn’t clamping down more on some SPACs.

3. Deutsche Bank posted its most profitable quarter since 2014. The German lender’s net revenue for its investment banking arm rose 32%.

4. ‘Bond King’ Jeff Gundlach thinks the Fed is ignoring the growing risk of runaway inflation. The billionaire believes US stocks are overvalued, and instead bought European stocks for the first time in years.

5. India’s surging coronavirus cases shouldn’t dissuade investors from buying emerging markets equities. India’s equity market is geared to global trends and long-term growth, according to Mark Haefele, the CIO of UBS global wealth management.

6. Earnings expected. Apple, Facebook, Boeing, Spotify, and Ford are highlights.

7. On the data docket. The Fed’s interest rate decision, FOMC press conference, OPEC meeting, and MBA mortgage applications are due.

8. Goldman Sachs notes that many crypto-linked stocks have skyrocketed alongside bitcoin. The firm names 19 of them that have collectively nearly quadrupled the S&P 500 this year.

9. SPAC short-sellers have taken home $500 million in 30 days. These are the 10 most profitable blank-check companies to bet against right now.

10. Goldman Sachs, Morgan Stanley, and Bank of America say stocks are staring down a period of dismal returns with the recovery priced in. Here are the 9 areas of the market where they see the best opportunities.

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