Morning Note - July 8, 2021

Good Morning!

Here comes the summer sell off! Futures are off significantly with the Dow set to open lower by 500 points or 1.35%. The 10-yr is down to 1.28%. So is the 10-yr forecasting something more than just being technically driven? Oil is down for the third straight day and gold is up to $1,812/oz. Though the US dollar is weaker. Jobless claims ros…