Morning Note - June 21, 2021

Good Morning.

Futures are indicated higher with both Tech and small-caps outperforming despite a stronger USD and lower yields. PMI data on Weds is the key macro data; does Reflation take another leg lower if it disappoints? Infra comes back in focus with a new bipartisan push.

Last week, the Fed sparked a sell-off of the Reflation trade, felt across all …