Market Update

Crude prices are the central headwind, leading to higher yields, weighing on equities, but the day has been duller under the surface than you might expect. WTI crude is up +4.3% at $105.75 after tagging $106.75 (nearing the $109-$110 measured move). Brent crude futures are up +2.75% at $108.60 after trading above > $109. Shanghai…