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Well, today the Dow Jones broke a seven day streak of consecutive all time record highs.

The Dow did not make a new high today.

In fact, the S&P was the only of the major indexes to put a new intraday high.

Although the S&P like the Dow did close down.

The Dow was down about a hundred points.

It was a bit of a counter rotation day on a reversal Tuesday where we saw the strength

coming back to some of the tech stocks.

The Nasdaq managed to eke out a small gain.

Money was coming out of value, particularly the small cap value.

The Russell 2000 was the biggest loser on the day down about one and three quarters percent.

This as interest rates continue to check up yields on the 30 year back up just below 2.4, 2 spot 3.9.1.

And the 10 year above 1.6 closed at 1 spot 6.2.1.

You know, there's been a lot of hope out there.

Some of it sparked, as I said by David Tepper, that maybe we're going to pause here

and rates are going to stop rising.

But if you look at the chart, there's no reason to believe that that's going to be the case.

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