Futures are off this morning on disappointing earnings/guidance from market leaders (AMZN, AAPL and SBUX) and a significant miss on Personal Income (-1.0% vs -0.3% consensus.) 
Meanwhile, the PCE deflator rose to a new 30-year high at 4.4% YoY (core: 3.6%.) 
More fuel for the stagflation fires…
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