The whole book is one factor trade: earnings yield vs bonds is dragging most names. Expected 6m returns all negative, -14.6% to -10.7%, median conf 93. Sector labels are noise.

Trimble Inc. ($TRMB) -14.6% conf 94, tech, univ 0. Earnings yield vs bonds is the biggest drag; illiquidity is the only thing pushing back. Realty Income Corporation ($O) -13.8% conf 92, REIT. Short interest leads down, illiquidity also a drag—different from most. Coinbase Global, Inc. ($COIN) -12.9% conf 93, financials. Short interest and earnings yield both hit hard; 60d vol is the lone offset. Jacobs Solutions Inc. ($J) -12.2% conf 94, industrials. Same earnings-yield + short interest pressure, illiquidity just softens. Molson Coors Beverage Company ($TAP) -11.9% conf 93, consumer defensive. Short interest drag is maxed; earnings yield right behind. Dow Inc. ($DOW) -11.6% conf 91, basic materials. Only name with fwd/trail P/E pushing the signal down, alongside the same earnings-yield drag. The Mosaic Company ($MOS) -11.2% conf 88, basic materials sec 10. Short interest drag is maxed, illiquidity up most but not enough. Live Nation Entertainment, Inc. ($LYV) -11.1% conf 91, comm serv

Trimble Inc. ($TRMB) -14.6% conf 94, tech, univ 0. Earnings yield vs bonds is the biggest drag; illiquidity is the only thing pushing back. Realty Income Corporation ($O) -13.8% conf 92, REIT. Short i