Morning Note | June 8, 2022
Good Morning!
Futures are lower following two days of gains as investors take stock of a second profit warning from Target as well as assess the slowdown in economic growth. Mortgage demand fell to a 22-year low thanks to rising rates. The 10-yr yield climbed back above 3.0% yesterday and sits at 3.03% this morning. Most importantly, oil hit $120/bl …
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