The 10-year Treasury yield "is going up for the right reason," says Nathan Peterson of Charles Schwab. He explains how reaction to the latest PMI composite sent the 10-year to levels not seen since July 2007. In equities, Nate says "tech is back" but at the expense of market breadth. It's a double-edged sword after Nvidia (NVDA), AMD Inc. (AMD), and Broadcom (AVGO) earnings all signaled price increases and supply constraints. Nate looks ahead to the final quarter of 2026 and gauges if a year-end rally is in the cards.