Episode Details

Technology stocks are pushing to record highs—but the bond market is telling a very different story.

In this episode of Market Pulse, we examine the growing divergence between equity-market optimism and the sharp rise in Treasury yields. Investors continue to chase mega-cap technology and AI exposure, even as higher rates tighten financial conditions, pressure valuations, and raise the hurdle rate across risk assets.

The question is whether equities can keep ignoring the move in bonds—or whether rising yields eventually force the market to reprice.

We break down what the latest rate move means for tech valuations, market breadth, liquidity, and the durability of the rally—and why record index levels may be masking considerably more risk beneath the surface.

Market Pulse delivers a concise institutional look at the forces moving markets, capital, and risk.

Disclosure: This podcast is for informational and educational purposes only and should not be considered investment advice. Markets involve risk, and listeners should conduct their own research or consult a financial advisor before making investment decisions.