This is the part I am payong most attention to right now. 

"a 5% yield on the 10-year Treasury note BX:TMUBMUSD10Y could tip the tide into a selloff."

This is something we need to be aware of. The big money institution favors protection and returns as much as possible even as they love profit. A 5% treasury yield is guaranteed by the US Government. 

This have the potential to suck up liquidity from the markets big time.

And let's not forget the US is busy raising cash to save the Japanese ¥. As well as fund their Iran quagmire.

The Fed Could Raise Interest Rates Three Times. Here's Where the Market Could Face the Stiffest Test.

Economists note that the Fed historically has not been content to raise rates only onceFederal Reserve Chairman Kevin Warsh has stressed his concern about the outlook for inflation. The markets expect an interest-rate hike next week.With financial markets convinced the Federal Reserve will hike interest rates on Wednesday, two questions naturally follow: How high will rates go, and will tighter monetary policy lead to any breaks in financial markets?
The Fed Could Raise Interest Rates Three Times. Here's Where the Market Could Face the Stiffest Test.

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