Two Step

Another back and forth, give and take, day on Wall Street. Stocks retreated, as interest rates began rising. Mortgage rates hit a four year high, but they're still low, by historic measures. Frankly, I've been eyeing the yield curve, and I believe this bump up on the long end is overdue. The curve has been flat, flat, flat... even threatening to invert. This latest move should bring it back to a normal shape. Dow -60.35 NASDAQ -18.22 S&P 500 -6.60