AM Brew, Jun 21st 2022

Tuesday is shaping up to be a nice snapback bear-market rally. As of 4:38 a.m. EDT, US equity Futures are up around 2%, the FTSE is up 57 bps and the Nikkei was up 1.84%. The pound, which has been absolutely pounded recently, is up 46 basis points in morning trading. Asia ex-China had its first up day after 8 straight down days. The market did need a pa…