The weather has been ugly in New York today, an apt comparison to how equities fared this month and quarter. None of the indexes posted a gain, with 22 of the 24 GICS sectors lower as well. And over the quarter, Treasury yields (for the 10-yr) moved from 3.84% to 4.58%, as the higher for longer theme sunk in. With that as a backdrop, markets today moved lower throughout the session, with the S&P 500 closing down 27bps, and Nasdaq up 14bps. Investors continue to monitor economic data for FOMC cl…
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