Early Update

11:28 a.m. ET What we’re seeing, despite favorable yields for stocks, is a market that struggles for direction without short covering rallies. The averages hit the worst this morning are the two that benefitted the most from short covering/short squeezes – Small Caps and Transports. SP-500 -0.25%, Dow -0.40% (Transports -1.2%), NASDAQ-100 -0.4%, Small Caps…