A.M. Update

S&P futures are down -0.15% and Nasdaq-100 down -0.4%. The indices ticked modestly lower as yields ticked modestly higher after this morning’s data dump. Personal income increased 0.4% month-over-month in July (consensus: 0.2%) after a 0.2% increase in June, personal spending jumped 0.2% (consensus: 0.2%) after increasing 0.3% in June, the PCE Price Index was…