Good morning contrarians! Stock futures are mostly higher but bonds are selling off, with the yield on the 2-year up to 0.62%. The 10-year is down to 1.39%. Cryptos are selling off too.

There are no economic data releases or earnings to speak of today. Instead our old friend Evergrande is dominating headlines this morning.

Where things stand there and more in this morning’s briefing and podcast, available here:
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