Early Update – Interesting Start- Cyclicals Under Pressure, Mega-aps Provide Some Support

11:24 a.m. ET While pre-market indications suggested weakness in the mega-caps in the cash market due to rising yields, and rightfully so, just as we have seen for weeks, once the volume and transaction sizes open at 9:30, everything changes and it’s the Small Caps, cyclicals and Transports that plunged. This also isn’t surprising given…