Market Update – Yields Weighing on Stocks at Potential Right Shoulder Pivot, Patiently Waiting For Strong Tactical Signals

1:57 p.m. ET There’s a lot of news in numerous stocks, but the key development is tightening of financial conditions as yields rise ahead of an expected hawkish Fed rate cut this Wednesday. At the cash open yields moved higher. The move in Treasuries is widening the negative divergence between Treasuries and the Averages that…