Intraday Update – Weak 30-Year Treasury Auction Hits Stocks.

Ever since this morning’s CPI, yields have been higher and the U.S. Dollar Index (+0.7%) have been higher and that, of course, has put the pressure on stocks (and gold -0.3% to a lesser degree) today. The latest setback that’s sent all of the major averages to new session lows is a 3rd consecutive weak…