- Who knows for sure why the averages do what they do, but stocks certainly appeared to blink yesterday as the 10-year Treasury yield touched 3% for the first time in four years.
- The yield pulled back by day's end, but the Dow lost 1.75%, the S&P 500 1.35%, and the Nasdaq 1.7%.
- The 10-year is back at this morning, rising to 3.02%, and stock index futures are all lower by about 0.4%. TLT -0.45%, TBT +0.9% premarket
- ETFs: SPY, QQQ, DIA, TLT, TBT, VOO, SH, SDS, IVV, SSO, TQQQ, SPXU, UPRO, SPXL, TMV, RSP, SQQQ, SPXS, PSQ, VFINX, QID, QLD, TBF, UDOW, EDV