A New York Fed survey shows 1-year and 3-year look ahead moving expectations are at record lows.

Personal consumption accounts for two-thirds of economic activity. Therefore, the means by which consumers can spend is essential for forecasting economic growth.

The US Dollar trades in the green though starts to ease again at the start of the US session. Traders are sending Greenback higher on a mixture of geopolitical fears and positive earnings.

S&P 500 made a very shallow premarket correction, 2y yield refused retreating, but it were cyclicals and semiconductors that pulled the 500-strong index up yesterday, completing the bullish turn on suppressed NFPs and dovish Powell.

Following a breakdown lower last week which saw BTC futures crashing through support at 60695, the market swiftly reversed higher as demand kicked in at the lows of the move.