The deck was stacked against the market coming into the session.

• a string of losing sessions
• seasonal weakness
• triple witching

Then Consumer Sentiment came in below consensus and at the lowest level in a decade.

The ten-year yield keeps edging higher and on the cusp of breaking a key resistance point.

10-Year

Considering all these headwinds, I think this market is acting great.  The last hour of trading could see wicked gyration.  But as far as all the issues, from higher taxes and Fed tapering, I think the fundamentals supersede them and we’ll see that in the next round of corporate earnings. 

Have a great weekend. Stay safe.