Hawkish Fed Speak and S&P Testing 50-Day

2:35 p.m. ET The S&P gave up an early +1.2% gain to trade into the red. While there’s price resistance at $4500 and technical resistance at the 100-day ($4513.46) and 200-day ($4497.14) – both of which came into play this morning – the decline has been fueled by a double-digit rise in bond yields. For…