THE ONE THING
Two consumer names turn Crowded as bond yields hit 2004 highs
By Cathy · Lead Analyst, Fundprints
The week's loudest macro story was a bond selloff that pushed 10-year yields to levels not seen since 2004, straining equities broadly. Against that backdrop, the positioning evidence moved in the opposite direction from consumer confidence: Alibaba, China's vast commerce and cloud infrastructure giant, and Deckers, the maker of UGG boots and Teva sandals, both crossed into Crowded territory simultaneously…
THE STORYLINES
BABA and DECK both Crowded as UGG marketing blitz lands
2 names · Consumer Cyclical · names in the full memo
Builders FirstSource and Mosaic enter exit-review territory in Basic Materials
2 names · Basic Materials · names in the full memo
ALSO IN THIS EDITION
- What's not happening — the silences and price-vs-evidence divergences nobody else tracks
- The tape — all 10 Prints this week, each with its base rate and why it matters
- For your book — what this week's evidence changes for the names you hold
Read the full memo.
The storylines in full, the historical echo, every Print with its base rate, and what it means for the names you actually own. New edition every week.