Treasury Auction Sparks Late-Day Sell-Off and a Look Ahead to Big Bank Earnings 10/12/23

Stocks dropped mid-day after an ugly 30-year Treasury auction, and while they closed off the lows of the day, major indexes all snapped four day win streaks. Combined with a slightly higher than expected CPI report, what kind of stage does this set for the markets? Plus JPMorgan among the banks set to kick off earnings tomorrow morning. What we should expect and how to trade the group.

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