Morning Dose #350: Thin Ice Rally: Why Only 17% of Stocks Are Actually Up – Thursday 10/1/2026

Episode summary

Futures look strong but breadth tells a different story — only 17% of stocks sit above their 40-day average and 20-day breadth just collapsed from 25% to 6% in a single session. The hosts break down the narrow AI-driven leadership, a spiking 10-year yield at 2002 highs, and why today calls for patience over participation ahead of the ISM print.