Morning Note - July 20, 2021

Good Morning!

Futures are pointing to a rebound with Dow futures up 250+ points and a broad market rally of at least 0.5%. The 10-yr is only up 2 bps to 1.21% as of this writing. European markets are up sharply after the sell off yesterday as well. Today is being dubbed 'Freedom Day' in England as the country lifted their Covid restrictions.

Crude oil is …