Market Brief – Tuesday 3/2/21

Stocks were flat while Treasury yields rose in overnight trading as once again, sellers continue to dump bonds in the thinly-traded overnight futures market. Stocks were down and yields were flat in early trading.

Redbook same-store weekly brick-and-mortar retail sales fell -0.3% last month and rose +4.6% from this time last year.

Stocks closed lower on the day while Treasury yields closed slightly lower. The long bond closed just over a strong level of support where buyers over the past five days have been accumulating positions.