Macro Briefing: 29 June 2021

* Militias fire rockets at US troops in Syria after airstrikes
* Federal court dismisses antitrust case against Facebook
* Delta variant is spreading, raising risk of potential Covid-19 spikes in the fall
* US demand revival is driving world economic recovery
* Drought in US West will add to upside pressure on food prices
* Considering what could wrong for markets, the economy and more
* Is fragility the new normal for the US stock market?
* 10yr-3mo Treasury yield curve continues to show downside trending bias:

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