Sep 23, 2026 · 18 min

Rising yields test market support and growth leadership

Stocks Fall As Yields Soar, Oil Rises; Palantir, Palo Alto, NetApp In Focus

The sell-off raises a practical question for investors: whether weakening breadth signals deeper trouble or a normal pullback within a still-constructive market.

3 key takeaways

1Surging Treasury yields and stronger economic data pressured technology and small-cap stocks while reshaping rate expectations.
2The hosts favor incremental exposure as the Nasdaq approaches support, with breadth and coordinated growth-sector strength still under scrutiny.
3Palantir and cybersecurity leaders remain technically important, while failed biotech breakouts and gold-miner weakness expose market risks.

Don't miss

Palantir clears a prior high, prompting a detailed assessment of its short-term handle, larger base, 10-week-line support and improving relative strength.

The brief

Alissa Coram and Ed Carson examine a broad decline led by technology and small-cap stocks, as surging Treasury yields, stronger data and shifting rate expectations pressure equities.

The Nasdaq is nearing key support, but the hosts argue the pullback is not yet abnormal after a strong rally; any new exposure should be added incrementally and judged against market breadth.

Weakness in biotech and gold miners contrasts with semiconductors and other growth groups holding constructive levels, showing how uneven leadership has become beneath the indexes.

Palantir clears a prior high while Palo Alto Networks and CrowdStrike keep cybersecurity in focus, with the discussion weighing breakouts, handles, support and when a move becomes extended.

The central tension is whether rising yields will undermine growth leadership or merely create a sharper reset, with Palantir’s breakout providing the episode’s clearest test case.

What was said on this episode

14 statements · 9 positive · 5 negative

Ed Carsonon Federal ReserveNegative1:54
Markets expect two additional rate hikes this year.
“Now the markets are expecting two more rate hikes this year.”
Listen at 1:54
Ed Carsonon Stock-market rallyNegative2:51
Continued rises in yields and oil would hurt the stock-market rally.
“if yields and oil keep rising, that's just not going to be great for the rally.”
Listen at 2:51
Ed Carsonon Stock MarketNegative3:39
Stock markets are highly sensitive to bond and oil-market conditions.
“the markets are extremely sensitive to – I mean, stock markets are extremely sensitive to what bonds and oil are dealing right now.”
Listen at 3:39
Ed Carsonon Market exposurePositive4:28
Investors should add market exposure incrementally.
“this is also a reason why we talk about adding incrementally.”
Listen at 4:28
Ed Carsonon Consistently rising stocksPositive6:43
Consistently rising groups of stocks can provide profitable opportunities.
“If I see a good chunk of stocks consistently trend higher, not every day, but consistently trend higher, I can make money off of that.”
Listen at 6:43
Ed Carsonon Biotech stocksNegative8:58
Biotech weakness may force some investors out of individual positions.
“I can imagine some people, you know, in certain names being shaken out.”
Listen at 8:58
Ed Carsonon Gold miningPositive9:42
Gold miners have held up exceptionally well despite yield and dollar headwinds.
“that combination with the yields, I mean, honestly, you could argue that gold miners have done exceptionally well because they have not given up all the gains.”
Listen at 9:42
Ed Carsonon GoldNegative9:55
Gold is facing substantial headwinds from yields and the dollar.
“A lot of headwinds suddenly for gold.”
Listen at 9:55
Ed Carsonon PalantirPositive11:09
Palantir's fundamentals are strong.
“We know the fundamentals have been great.”
Listen at 11:09
Ed Carsonon Cybersecurity sectorPositive13:16
The cybersecurity sector is performing strongly.
“cybersecurity is doing really well.”
Listen at 13:16
Ed Carsonon AI tailwind for cybersecurity stocksPositive13:26
Investors expect AI benefits to accelerate for cybersecurity stocks.
“I think people are expecting that the AI tailwind is going to take off for a lot of these names.”
Listen at 13:26
Ed Carsonon NetAppPositive15:26
NetApp is showing resilience and forming a potential setup.
“this one has been holding up. It's setting up.”
Listen at 15:26
Ed Carsonon NetAppPositive16:07
Investors should put NetApp on their watch lists.
“this was just a name that I think should be on people's watch list.”
Listen at 16:07
Alissa Coramon Computer hardware industryPositive16:21
Computer hardware ranks second among roughly 140 tracked industry groups.
“the industry group, right? In a very strong industry group, computer hardware group ranked number two out of the 140 some odd groups that we track in.”
Listen at 16:21

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.