In my earlier post Stock Market: Effect of Rising Bond Yield on Growth Stocks, i looked at the effect of Rising Yield on growth stocks, or one group in the market, especially QQQ etf. This post, i'd like to look how rising yield effect the general market (which i use SPY etf to represent). Yesterday (17th May), as TNX gets to a critical level. For now, this level is above 3%, shown as "G" in