Morning Note | May 17, 2022
Good Morning!
Market futures are rallying hard led by tech stocks after yesterday's decline. The 10-yr yield is up 6 bps to 2.94%. Consumer spending came in at +0.9% in April, or +0.4% without autos. Bitcoin was up nearly 3%. Oil is up 1.1% to $114 with retail gasoline at the highest levels ever. Dollar is lower.
Pre-market strength is seen in FANG+ …
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