The scan is shorting bond-proxy losers at the bottom of the universe: univ 0-2%, book -10.5% to -8.0%, median conf 93. Earnings yield vs bonds is the dominant drag in 6 of 10. Top names: Trimble Inc.

Pfizer Inc. ($PFE) and Molson Coors Beverage Company ($TAP) are next. PFE gets hit by earnings yield vs bonds, illiquidity, and 60d vol. TAP has the ugliest short-interest print (-0.0775) plus bond-yield drag. Healthcare and Consumer Defensive both caught. Bio-Techne Corporation ($TECH) and Dow Inc. ($DOW) show it’s not just defensives. TECH = bond yield + short interest + illiquidity. DOW = bond yield + short interest + fwd/trail P/E. Different sectors, same factor stack. Live Nation Entertainment, Inc. ($LYV) and Jacobs Solutions Inc. ($J) keep the pattern: both slammed by earnings yield vs bonds and short interest. LYV adds 60d vol; J adds illiquidity. J has sec 1%, conf 94 — highest sector-rank conviction. Wynn Resorts, Limited ($WYNN) and Tyler Technologies, Inc. ($TYL) round it out. WYNN = short interest + vol instability + illiquidity; TYL = short interest + bond yield + illiquidity. So-what: watch if bond yields keep pressuring, these value/quality names stay shorted. If short

Pfizer Inc. ($PFE) and Molson Coors Beverage Company ($TAP) are next. PFE gets hit by earnings yield vs bonds, illiquidity, and 60d vol. TAP has the ugliest short-interest print (-0.0775) plus bond-yi