. >>> jeff de graaf also with us, charting the s&p as it tries to claw back above 4,000. got there just now and what the breakdown of utilities has to do with that story. >>> fidelitity's jurrien timer says all good news is actually bad news stocks higher across the board s&p 500 reclaiming 4,000, up 0.8% the nasdaq higher by 1% and the dow up by 127 points, 0.4% taking a look at bonds, this has been actually not a real driver of this story in the conventional sense higher bond yields have not been resistance for markets. >> they haven't yet. if you go back a month, that's been the story stocks did pull back 5%, 6% on the s&p from when bond yields bottomed yesterday you didn't get relief on yields yesterday, but this morning we're getting them, backing off, even though strong ism services numbers these higher yields are drawing a lot of money into the bond market take a look at the flowings. bank of america tracking this stuff. you've seen multiple weeks of pretty heavy inflows into mostly investment grade bond funds. there has been outflow for stocks a lot is normalizati

. >>> jeff de graaf also with us, charting the s&p as it tries to claw back above 4,000.hat story. >>> fidelitity's jurrien