CME (https://www.cnbc.com/2026/07/27/cme-launches-single-stock-futures-enabling-investors-to-trade-spacex-micron-23-hours-a-day.html) on 55 names including $MU and SpaceX. Sounds bullish for price discovery until you ask: who's going to trade these contracts when duration is crushing valuations across the entire market? The 10Y sits at 4.69% and tech multiples are repricing faster than institutions can rebalance.

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