Morning Note | November 11, 2021

Good Morning!

Futures are modestly higher this am a day after a sell off induced by a hotter than expected CPI number. Value/Cyclical trade is back on with rates moving higher (10-yr is at 1.55% this am), commodities stronger, USD stronger,. Annualized CPI came in at the highest annualized number since 1982. US/China reach deal to fight climate change. N…