The Note market had an outside range after Employment. As we've said before, we look for inside nesting days if the Employment direction is still valid. The Equity market has adjusted to the significant corporate down guidance as the reporting season kicks off. The Naz is popping this morning. I could see a scenario where tech outperforms the SP through the first half of earnings, and the pundits have to completely change their narrative.

We will be watching the rates space to turn back on the model.

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