US stocks' surface prosperity fails to hide internal weakness! S&P 500 less than 2% from record high, yet small caps, banks, and utilities sectors suffer heavy losses.

Zhito Finance APP has learned that as the U.S. 10-year Treasury yield briefly rose to 5.34%, hitting a new high since 2002, Wall Street is fiercely debating when the bond market selloff will truly hit the seemingly resilient U.S. stock market. However, judging from the market's internal performance, the pressure brought by high interest rates has actually already emerged.