Intraday Update

3:15 p.m. ET PCE was market friendly, but apparently not that much of a surprise to move the needle. All of the major averages went from a solid start, to down on the day. SP-500 -0.3%, Dow -0.4% (Transports +0.75%), NASDAQ-100 -0.2%, Small Caps 0% The culprit? Higher yields. The 2-yr is flat and the…