🌐 THE BOND VIGILANTES HAVE AWOKEN. The inverse relationship between the US 10-year yield and the Nasdaq 100 has been lagging for months… but look closely at the chart. The early cracks are already visible. What was once a patient bond market giving central bankers the benefit of the doubt is now shifting. Policy errors have piled up, warnings were ignored, and the bond market is finally being forced to respond with a heavy hand. Bonds are inherently patient ... until they aren’t. When that patience breaks, the selling doesn’t stay confined to fixed income. It spreads. As bond market erosion intensifies globally, major indices will not escape the pressure. The Nasdaq’s recent resilience is looking increasingly fragile against a rising yield backdrop that no longer cares for soft landings or carefully worded forward guidance. This won’t end quietly. The lag is closing. The adverse effects are only beginning. Yours truly, The Great Martis.✨ She's beautiful.