Rising Yields Will Keep SPY Under $775

SPY will fail to close above $775 on October 5 as rising Treasury 10-year yields will have capped upside and a Nasdaq-led rally will not be enough to lift the ETF. The S&P 500 will have been up 0.84% while the Nasdaq Composite will have gained 1.06%, yet the SPDR S&P 500 ETF Trust will still sit ar…