Mortgage spike: The 30-year fixed jumped 25 bps to 7.28%, its highest since late 2023.
Rate sensitivity: Interest rate-sensitive sectors are the most oversold in five years.
Midterm October: S&P October returns in midterm years beat the all-year average.
Tech breakout: XLK hit a new high after 3+ months, a setup that has been bullish for Q4.
Short interest: Russell 2000 short interest rose to the 99.8th percentile.
Sector tape: Daily S&P moves, sized by market weight.
