Market Update – Surging Yields Smack Small and Mega Caps

1212 p.m. ET Yesterday’s leading stocks and sectors (Tech & Mega Caps) are this morning’s laggards. As a result, the S&P and Nasdaq-100 are taking it on the chin. Also, some economic data since the open (ISM) isn’t helping on the inflation / rates front. One issue pointed out yesterday was the lack of 3C…