A.M. Update

S&P futures are down -0.6%, contemplating  relatively soft mega-cap stocks, a missed interest payment by Evergrande, and the specter of rates staying higher for longer are hanging over the broader market. The 2-yr yield is down -1 bp at 5.11% and the 10-yr  yield is down 4 basis points to 4.50%. Notably, JPMorgan Chase CEO…