Morning Note | April 13, 2022

Good Morning!

Futures are flat as bank earnings are starting up. JPM reported earlier this am with a big loss from Russian sanctions. The 10-yr is flat too at 2.72%. Oil back over $102/bl. PPI - wholesale inflation- came out at +11.2%, the highest on record. Biden to send another $750mm of military equipment to Ukraine as he calls Putin’s actions genocid…