Early Update – Higher Yields Weigh On the Market & Mega-Caps Catch Down

11:21 A.M. E.T. The market this morning, is acting much more like I would have expected yesterday as yields soared. Recall my surprise how well S&P, NASDAQ-100 and mega-caps held up. There’s some technical damage in all of the averages, but some worse than others. To make matters worse, the only tier 1 economic data,…