A.M. Update

S&P futures are down -0.65%. WTI Crude oil prices are up +1.75% to $77.90/bbl. The downside bias also follows JP Morgan CEO Jamie Dimon saying in an interview that he is “cautiously pessimistic” about the US economy. The 10-yr yield is at 4.77% and the 2-yr yield is at 4.39%, little changed from Friday after…