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Morning Note | May 11, 2022

Morning Note | May 11, 2022

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Yield Hunting
May 11, 2022
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Yield Hunting
Yield Hunting
Morning Note | May 11, 2022
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Good Morning!

Futures are lower following the hotter-than-expected inflation report as the markets try to avoid a 5th straight day of losses. The report reversed higher futures prior to the release.  Gasoline prices hit an all-time high for the cycle and in many locations ever.  Yesterday, we saw another heavy day of retail selling, net $853mm sold a -2.…

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