Market Reactions to Yield Changes and Sector Watch

In Today’s Report: RenMac unpacks a payrolls miss that highlights rising slack in the labor market, why consumer sentiment has flipped from bullish to a bearish contrarian signal, and how government shutdown odds are climbing well above normal. The team also digs into gold’s breakout amid falling yields, the shifting dynamics between semis, small caps, and cyclicals, and the political maneuvering around Fed appointments and trade with Mexico and Canada.