Market Update – UGLIER

1:50 p.m. ET SP-500 -1.1%, Dow -0.7% (Transports -0.5%), NASDAQ-100 -1.7%, Small Caps -1.2% Yields aren’t up that much right now, the 2-yr +1 bp and 10-yr +2.4 bp. That moderation in yields may help the averages find some intraday support,  but recall this chart and commentary from last night’s Daily Wrap, “Stocks are again…