Early Update – Strong Start Despite Higher Yields

10:45 a.m. ET Despite higher yields and an early mixed open, we’ve got a good start for stocks. The SP-500 has reclaimed $4400 and its 50-day sma (4415) with relative strength in Small Caps and Dow Transports. S&P-500 +1.25%, Dow +1.1% (Transports +2.1%), NASDAQ-100 +1.6%, Small Caps +1.8% Recall that SPY’s 3C chart has been…