New 24-year high for the 10Y Note Yield and the S&P 500 is up another +50 points today.

This puts the S&P 500 less 0.5% away from a new record high.

Meanwhile, the most common question right now is:

"How is the S&P 500 nearing record highs with surging yields?"

When you zoom out and look at the real drivers behind this market, it all makes sense and it all adds up.

Assets are repricing accordingly.

🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶