2026-10-07 · Bonds Drive a Quiet Rotation
Stocks dipped as the ten-year yield hit its highest since 2002, and money rotated from mega-cap tech toward real estate, staples and other rate-sensitive names rather than leaving the market.
The Signal
The ten-year Treasury yield touched 5.36%, its highest since 2002, and stocks gave back a little from Tuesday's records. Small caps took the hardest hit. Money flow across the universe leans clearly to selling, yet far more stocks are making higher lows than lower lows, and the week's bullish turns cluster in real estate and consumer staples while the bearish ones cluster in…
The skinny
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