Morning Note | August 13, 2021

Good Morning!

Futures are flat this am with no major news catalysts on the day. 10yr at 1.35%. VIX down to 15.5. Global M&A has exceeded 2020s record year at $3.6T. Fed speakers are mixed on tapering views amid mixed econ data. Each can support their view several data points. Street is looking for $15/m in tapering once initiated. FDA authorizes 3rd dose…