Headwinds for equities remained present and accounted for today as yields pushed higher once again. The 30yr broached 4.3% and the 10yr spiked 10bps. Further, a handful of major corporate misses provoked fear in the hearts of investors who have been waiting for the other economic shoe to drop (Paypal -12% and Qualcomm -8.2%). The SPX and RTY underperformed the Dow and the Nasdaq, the DXY hovered around flat, and Brent rallied 2.8%, as Saudi Arabia said the 1m bpd voluntary cut will be extended…
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