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 …