Daily Wrap

The S&P fell below $4k in a broad-based retreat today, although led by the Growth stocks (-4.1% vs. Value -2.8%) which took the brunt of selling, including the influential mega-caps (MGK -4.4%) as bond yields spiked before this morning’s cash open. The 10-year yield spiked as high as 3.20%, dragging index futures lower. As for…