The 10-year Treasury is at 4.70% and the 30-year is at 5.24% — (https://www.marketwatch.com/story/the-30-trillion-treasury-market-is-facing-a-painful-reckoning-how-rising-yields-could-squeeze-your-portfolio-8fa9edd8?mod=mw_rss_topstories). Financials are the canary in the coal mine here, but the Street is still calling this a "normalization." It's not.

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