See what’s driving market performance around the world in today’s Morning Lineup.  Bespoke’s Morning Lineup is the best way to start your trading day.  Read it now by starting a two-week free trial to Bespoke Premium.  CLICK HERE to learn more and start your free trial.

“I believe that if you show people the problems and you show them the solutions they will be moved to act.” – Bill Gates

Despite another round of blowout earnings since yesterday’s close, futures are flat to modestly lower.  The economic calendar is light again today, but the pace of earnings will continue to be busy, and this afternoon, all eyes will be on the FOMC with its latest views on rates and the economy.

Read today’s Morning Lineup for a recap of all the major market news and events including the biggest overnight events, some key earnings reports, economic data from around the world, as well as the latest US and international COVID trends including our vaccination trackers, and much more.

Concerns over interest rates have taken a back seat lately, mostly because yields have been moving lower for the last several weeks.  In recent days, though, we have started to see a modest reversal of that trend.  Just as the yield on the 10-year US Treasury tested its 50-DMA, yields have started to move higher in recent days.  This morning, yields are ticking slightly higher, and that has resulted in an upside break of the short-term downtrend from the peak yield in March.  With an FOMC announcement and press conference coming up later today, it’s pretty safe to assume that yields are going to start getting a bit more attention.