Morning Notes – Friday, August 4, 2023

Directional Bias For The Day: S&P Futures are higher at 8:30 AM. Futures first declined from 4547.00 at 4:00 AM to 4519.25 at 7:45 AM, then bounced up to 4535.75 at 8:30 AM, and then started to decline following the release of the Non-Farm, Payroll report at 8:30 AM. The odds are for an up…