Intraday Update

1:42 p.m. ET The averages are in the red, most trading just above session lows, except Small Caps have made new session lows. The catalyst for price action is a strong inverse correlation to the U.S. Dollar Index  (+0.75%) and TSY yields (2y +11 & 10-y +12 basis points higher). S&P futures (1m) and Dollar…