Futures are up slightly ahead of another data-heavy week: S&P Services and Manufacturing PMIs today, Philly Fed Non-Manufacturing, Richmond Fed, and the Conference Board confidence data tomorrow, and Initial Jobless Claims, Q2 GDP, and Core PCE later this week.

continued for members…

We’re still waiting to see how much of a backtest we get after SPX’s IH&S target tag.

VIX is doing the heavy lifting for now……as currencies are mostly quiet… …except for metals.

CL/RB are mixed. But, that hasn’t stopped the 10Y from slightly breaking out...…and driving the 2s10s up to +18 bps. GLTA