Top 10 S&P 500 names all screen red: -21.9% to -15.0%, median conf 94. The issue is earnings yield vs bonds — it drags all 10. Short interest % is the second hit in six names, so this reads as rate se

Trimble Inc. ($TRMB) -21.9%, conf 96. Realty Income Corporation ($O) -21.1%, conf 95. Coinbase Global, Inc. ($COIN) -19.9%, conf 96. All hit by ↓ earnings yield vs bonds + ↓ short interest. TRMB ↑ illiquidity; O ↓ illiquidity; COIN ↓ fwd/trail P/E. Tech, RE, financials. Molson Coors Beverage Company ($TAP) -19.8%, conf 95. EchoStar Corporation ($SATS) -17.3%, conf 94. Tyler Technologies, Inc. ($TYL) -16.6%, conf 96. Same earnings-yield + short-interest pull. TAP ↑ illiquidity; SATS/TYL add ↓ 12mo momentum. Consumer defensive, comms, tech. Live Nation Entertainment, Inc. ($LYV) -16.0%, conf 94. The Mosaic Company ($MOS) -15.6%, conf 94. LYV adds ↓ fwd/trail P/E to the standard ↓ earnings yield + ↓ short interest; MOS gets ↑ illiquidity bump. Both still negative. Electronic Arts Inc. ($EA) -15.3%, conf 91. Paramount Skydance Corporation ($PSKY) -15.0%, conf 91. Lower confidence. EA: ↓ earnings yield, ↓ illiquidity, ↓ vol instability — no short interest. PSKY: ↓ short interest, ↓ earnings

Trimble Inc. ($TRMB) -21.9%, conf 96. Realty Income Corporation ($O) -21.1%, conf 95. Coinbase Global, Inc. ($COIN) -19.9%, conf 96. All hit by ↓ earnings yield vs bonds + ↓ short interest. TRMB ↑ ill