markets ripped a page right out of the lego movie songbook on monday with an “everythingisawesome” session the highest close for the nasdaq comp since august and continued falling demand for 2year treasury bonds and gold it’s as if investors are watching the us debt ceiling saga like “an american film knowing that there will eventually be a happy ending” says swissquote bank’s ipek ozkardeskaya for tuesday equity futures are pointing to some wobbles ahead for the sp 500 spx though less so tech as washington watch continues onto our call of the day from prometheus research which sees promise in a strategy that’s bullish on stocks and bearish on commodities “the combination of these bets is particularly interesting in a macroeconomic context— if they continue to trend it will likely further current market pricing of disinflation” says prometheus whose researchers use quantitative analysis to understand underlying mechanisms driving the economy that can indicate future market trajectories the below chart offers a summary of the potential long short and neutral asset positions based on their trend process “currently we are seeing a range of potential trends most of which are skewed the short side the strongest signals are currently short commodities weat weat corn c00 soyb soyb dbc dbc  and long equities spy spy xhb xhb xlk xlk xlc xlc ” said the prometheus team the takeaway is that if these trends keep up investors could see the market keep pricing towards deflation and their market regime monitor is indicating a rising probability of low growth low inflation third column over in blue ahead the prometheus view fits with the economic outlook expressed by steve englander head of north american macro strategy at standard chartered who looked at tax receipts for may “we think inflation and the economy are decelerating more than many in the market and at the fed believe” he said also read stocks were the only positive asset class over the last decade adjusted for inflation stock futures es00 ym00 nq00 are tilting negative as bond yields bxtmubmusd02y push higher with the 10year bxtmubmusd10y up 4 basis points at 375 twoyear bond yields are up a 9th straight session after hawkish fed talk oil cl is flat and gold gc00 and silver si00 are falling as the dollar dxy moves up for more market updates plus actionable trade ideas for stocks options and crypto subscribe to marketdiem by investor’s business daily it’s a busy day for retailers lowe’s low shares are down as the homeimprovement retailer cut fullyear guidance citing lower demand still to come bj’s wholesale club bj autozone azo dick’s sporting goods dks urban outfitters urbn and williamssonoma wsm intuit intu agilent a and vf corp vfc are due after the close read parade of retailers to face inflation doubts while nvidia and zoom answer questions about tech yelp shares yelp are up 13 after the wall street journal reported an activist investor is pushing the company to consider a sale to boost its value cathie wood’s ark investment loaded up on about 4 million worth of palantir technologies stock pltr across multiple funds on monday the sp flash us services and manufacturing pmi surveys will be released at 945 am followed by new home sales at 10 am ahead of that dallas fed president lorie logan will speak at 9 am read will ai cause mass unemployment what history says about technology and jobs best of the web kite surfing ice baths and 8mile morning runs how some ceos stay in shape first citizens has accused exsvb employees of a plot to ‘plunder’ secrets in an hsbc lawsuit the man who spends 2 million a year to look 18 is swapping blood with his father and son these were the topsearched tickers on marketwatch as of 6 am humans never outnumbered sheep in new zealand until now need to know starts early and is updated until the opening bell but sign up here to get it delivered once to your email box the emailed version will be sent out at about 730 am eastern listen to the best new ideas in money podcast with marketwatch reporter charles passy and economist stephanie kelton