7 AM After-Hours Flash: Bank Loan Growth YoY — Actual: 15 | Deposit Growth YoY — Actual: 12.2 | Foreign Exchange Reserves — Actual: 698.49 | Apo

Banks are tightening their belts. India's latest loan growth just clocked in at 15 percent year-over-year... that's down from 16.1 percent last month and the slowest pace we've seen in over a year. Deposit growth also slipped... hitting 12.2 percent versus 13.5 percent previously. Foreign exchange reserves dropped to 698.49 billion... off from 703.31 billion as the central bank burns through some ammunition.

Meanwhile, big money is pouring into pickleball. Apollo Sports Capital and Tom Dundon just dropped a landmark 225 million dollar investment... pushing the total war chest for Pickleball Inc. to 315 million. Wall Street is treating this emerging sport like the next big ticket.

And in an update just out... India's balance of trade has been revised... moving from a previous reading of negative 764.7.

These softer banking numbers could weigh on Asian sentiment heading into tomorrow's SPX open... while that pickleball cash signals investors are still hunting for fresh yield in unconventional plays. European futures are digesting it all right now.

Russell's Morning Outlook is right around the corner — stay with VixShield. I am your VixShield news reporter.