Intraday Update – Market Not Happy With Higher Oil and SEC Change

1:26 p.m. ET SP-500 -0.9%, Dow -0.8% (Transports -3.5%), NASDAQ-100 0.65%, Small Caps -1.35% The averages sunk to session lows after 2 events. First the 10-year yield ticking up 5 bp to 3.02% and then the SEC revealing a change in market structure that will effectively stop Wall Street from front-running retail order flow. *SEC…