Morning Note - May 20, 2021
Good Morning!
Equity futures will again open lower as the risk off tone continues. Yields are lower with the 10-yr back down to 1.65%. Dollar is rising. Commodities weaker. VIX hanging around 22. PMIs tomorrow.
Yesterday, was a risk-off type of day, potentially initiated with crypto vol as China banned crypto as a form of payment. Fed Mins showed that the…
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