The Market Isn't Breaking. It's Rotating!
Treasury yields are climbing, and the stock market remains bullish. In this video, Tom Bowley explains how sector rotation is helping keep the S&P 500 and Nasdaq 100 resilient even as the 10-Year Treasury yield moves higher.
Tom follows where money is flowing, which areas are weakening, and why Consumer Discretionary continues to struggle. Beneath the surface, the divide is becoming harder to ignore.
He also shows how rising yields are influencing relative strength, why Technology continues to attract money, and what persistent weakness in Consumer Discretionary could be signaling as Q4 gets underway.
If you’re trying to understand whether recent weakness is a warning sign or a shift in market leadership, this video offers a helpful way to understand what’s happening beneath the major indexes.
This video originally premiered on September 30, 2026. Watch it on Tom's StockCharts TV page here.
Missed a session? Archived videos from Tom are available at this link.
