Quick Update – Pull Back In Yields To Start Bounce To Relieve Oversold Conditions

Rather than put this in a full update I figured I’d get it out sooner. Like Wednesday, Index futures got ahead of themselves and their correlation with rates again overnight and paid for it this morning. S&P futs. (5M) and 10-year yield (white/inverted). SPX ran above the correlation with yields yesterday at the green arrow…