A.M. Update

S&P futures are down -0.3% with Small Caps the worst (-0.8%). Treasury yields are lower (2y -3 bp & 10-yr -2 bp), but the Dollar is up +0.15%. Today’s economic data was limited to the NFIB Small Business Optimism survey, which rose to 90.5 in May from 89.7 in April. Wednesday’s calendar features the release…