Futures are moderately higher ahead of tomorrow’s implementation tariffs on Mexico, Canada and China.

There is no question that tariffs are inflationary, regardless of the ludicrous White House narrative.

continued for members…

The equity picture hasn’t changed. SMA200 tags are still due for ES and SPX.

Even COMP hasn’t quite reached its SMA200.

And, VX and VIX are still broken out.

continuing…