2026-09-24 · Flat Index, Sinking Stocks, Soaring Yields
The index stood still for a third day while the ten-year yield hit its highest since 2007 on strong economic data, and underneath, most stocks kept sliding as money rotated out of bond proxies and into banks.
The Signal
The S&P 500 and Nasdaq finished flat and the Dow lagged again, while the ten-year Treasury yield reached about 5.1 percent, its highest since 2007, and the thirty-year its highest since 2004. The driver was good news: the strongest flash business-activity reading in five years and falling jobless claims. Brent stayed above 100 dollars on the Hormuz standoff. Oracle fell on a…
The skinny
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