Futures are up 0.40% largely on bullish algo positioning……with VIX now down 13.4% since Friday’s 200-day moving average tag.

continued for members…The overall picture hasn’t changed…

…for equities or currencies…

We’re still looking for ongoing weakness in oil and gas, but TNX is still creeping higher. Our forecast still calls for a rise in inflation due to the YoY bump in oil/gas, meaning that Powell will likely lean hawkish in his Jackson Hole comments.

Stay tuned…