MARKET WRAP

Short and sweet, I'll rant tomorrow afternoon.

Yields on 10 yr now at 8 month high, even WITH FED monetization. I am friends with a bond trader, he feels this could kill the housing market "rebound". NOT GOOD, and NOT because economy is kicking it, it may kicking the can, not into high gear.

PLEASE AVOID the idiots at CNBC, the few that make any sense get talked over.

Market on surface did nothing, but we did get a reversal in the SPX after a new high and most indexes fell back below or were kept under the 200 EMA (exponential moving avg)

Take care until tomorrow,
D