Intraday Market Update – HY Credit Looking Better

3:24 p.m. ET The averages trade near session highs with notably better tone than yesterday, but the averages still remain in consolidation/correction for the week thus far. Dow Transports are outperforming on the back of pleasing UPS earnings (+4.6%) and Small Caps are outperforming. SP-500 +85%, Dow +0.55% (Transports +2.75%), NASDAQ-100 +1%, Small Caps +2%…