A.M. Update

S&P futures are down -0.6%, pressured by a continued jump in rates, not helped by Retail Sales. Retail sales jumped 0.7% in September (consensus 0.3%) following a revised 0.8% increase in August (from 0.6%). Retail sales, excluding autos, increased by 0.6% in September (consensus 0.2%) following a revised 0.9% increase in August (from 0.6%). The…