SPX turns negative as Treasury yields rise once again

<p>Stop me if you've heard this one before: US stocks are falling because Treasury yields are rising.</p><p>That's been the story almost every day this month and while US 10s fell to 4.49% earlier, they're right back up to a fresh daily high at 4.55%. Yesterday's high was 4.566% and a climb above that will spark more pain.</p><p>Another spot to watch is the VIX, which is now above 19. I think it needs to get to at least 20 before we can talk about a bottom in stocks.</p><p>And the only thing that oil is helping right now are oil stocks.</p>

This article was written by Adam Button at www.forexlive.com.