13F Pro · Market Intelligence Briefing

Rising yields and war-driven oil split the tape: energy and AI infrastructure rose, rate-sensitive sectors fell

The rise in yields reached the 2-year this time. Holders of utilities, real estate and staples lost their usual rate shelter while companies with commodity cash flows kept compounding.

Committee position: 60/40Breadth: 3 of 12 sectors higherDispersion: 3.57 pts10 analysts

Only 3 of 12 sectors rose. Energy led at 2.46% and Technology added 0.57%, and both now agree with their five-session moves. Real Estate, Staples and Communication Services each fell more than 1%, and the spread from top to bottom sector was 3.57 points.

Since the last briefing

Yesterday we said long bonds sold off before CPI, which hit utilities, and that we would not act on hardware names graded tape.

Companies in this briefing

The rest of this briefing

What drove the session and how it transmitted, the exposure table by persistence grade, where the committee disagreed, its verdict and weighting, and the falsifiers that would prove it wrong.

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