Intraday Update – CTA’s Deleveraging

2:11 p.m. ET Today’s negative bias has been fueled in part by JPMorgan Chase CEO, Jamie Dimon, who told the Times of India that he is not sure the world is prepared for 7% rates, and Minneapolis Fed President Kashkari (FOMC voter), who said, according to Bloomberg, that he thinks another rate hike before year end…