A.M. Update

S&P futures are down -1.2%, led by Nasdaq-100 futures (-1.75%). WTI Crude oil futures are up over +3%. The U.S. Dollar Index is up +0.45% and yields have spiked. The 2-yr yield is up seven basis points to 4.06% and the 10-yr yield is up nine basis points to 4.556%, exactly the large, fast moves…