Good morning contrarians! Stock futures are pointing lower, with not much in the way of catalysts for a second straight day…

The Fed is in a blackout period ahead of next week’s FOMC meeting so we won’t be hearing from any of them. Testimony by Treasury Secretary Janet Yellen will surely just be a grand show of political theater, but there may be something to come out of it that will move markets.

More on this state of play is discussed here:
[https://contrarianpod.substack.com/p/balance-of-trade-yellen-testimony?r=ag2nj&s=w&utm_campaign=post&utm_medium=web](https://contrarianpod.substack.com/p/balance-of-trade-yellen-testimony?r=ag2nj&s=w&utm_campaign=post&utm_medium=web)

What is the purpose of a blackout period? To settle the market?

Joey Hirendernath

Stock futures are pointing lower with news from Target weighing on sentiment…

https://contrarianpod.substack.com/p/balance-of-trade-yellen-testimony?r=ag2nj&s=w&utm_campaign=post&utm_medium=web

Balance of Trade, Yellen Testimony: Daily Contrarian, June 7

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