Morning Dose #332: Rates, Not Fear: Reading the Twin Shock Tape – Wednesday 9/2/2026

Episode summary

Oil surges past $90 and 10-year yields hit multi-year highs after a fresh Iran escalation, but gold’s decline reveals this is a rates story, not a panic trade. The team breaks down deteriorating breadth, defensive sector rotation, a puzzling wave of post-earnings selloffs, and today’s clearest trading signals and action codes.