Market Update

2:47 p.m. ET Yesterday we got multiple signals in price, HY credit and elsewhere that this week’s rally was losing upside momentum. Today we can see that in price of the major averages. Dow Transports are underperforming and NASDAQ-100 is modestly outperforming. SP-500 0%, Dow -0.3% (Dow Transports -0.85%), NASDAQ-100 +0.4%, Small Caps -0.05% Only…