BTIG's Jonathan Krinsky warns Treasury yields are nearing a tactical upside exhaustion point. The 30-year surged to 5.69% in 7 sessions, and bond sentiment has fallen to 10%. His twist: lower yields may not mean stocks up. They could trigger a major rotation a

BTIG's Jonathan Krinsky warns Treasury yields are nearing a tactical upside exhaustion point. The 30-year surged to 5.69% in 7 sessions, and bond sentiment has fallen to 10%. His twist: lower yields may not mean stocks up. They could trigger a major rotation away from mega-cap winners. Seeking Alpha Quant Ratings already flag $AAPL and $MSFT as Holds. Oversold, rate-sensitive small caps in the Russell 2000 could stabilize as yields fall. The thesis needs yields to reverse fast, and market breadth to actually expand. Does the rotation happen? ▻