Bond Weakness Sends 30-Year Mortgage Rate Above 5%
Managing today's gap-down with a plan.
Our View
Tuesday was not a very good session for the bulls. After a strong start on Monday — with the daily-up rotation highlighted in the Technical Edge section — it was off to the races. However, bulls quickly found themselves in reverse on Tuesday. The weak bond market put pressure on the Nasdaq and in turn, that weighed down the S&P and pushed the 30…