Morning Note | January 28, 2022

Good Morning!

Futures are down again this morning despite the blowout quarter from Apple boosting that stock. Oil is up to $88.30, a multi-year high. The 10-year yield is back to 1.82%. Today’s macro focus is on the PCE Deflator, Personal Income, Personal Spending, and Employment Cost. The market wants to know whether inflation is beginning to destroy co…