Morning Note | Janaury 21, 2022

Good Morning!

Futures are again pointing to more pain as the Nasdaq is down another 1% in early trading. Netflix is the largest drag this time and causing a lot of the pain - not interest rates which are down 5.5 bps to 1.77%.. There is a global risk off tone to the markets now instead of part of the market falling because rates are rising. Manchin says …