The S&P 500 short scan is not subtle: earnings yield vs bonds is the top drag in 6 of 10. Valuation/duration pain, not a clean sector call. Every name is univ 0-2% — bottom of the S&P. Trimble Inc. ($

Bio-Techne Corporation ($TECH) Healthcare -19.0%, conf 92: rates drag, but short interest and 60d volatility add to it. Molson Coors Beverage Company ($TAP) Consumer Defensive -18.9%, conf 91: short interest is the biggest hit, then earnings yield vs bonds; illiquidity helps a touch. Pfizer Inc. ($PFE) Healthcare -18.3%, conf 91: low 60d vol and illiquidity don’t offset the earnings-yield problem. The Mosaic Company ($MOS) Basic Materials -18.0%, conf 90: short interest and earnings yield vs bonds hit hard, illiquidity is the only positive. Dow Inc. ($DOW) Basic Materials -17.6%, conf 87: same rates drag, plus short interest and fwd/trail P/E. FirstEnergy Corp. ($FE) Utilities -17.5%, conf 91: utilities aren’t defensive here — earnings yield vs bonds, short interest, 60d vol all down. Wynn Resorts, Limited ($WYNN) Consumer Cyclical -17.0%, conf 92: short interest and 60d volatility drag, illiquidity is a small up. Live Nation Entertainment, Inc. ($LYV) Communication Services -16.9%, co

Bio-Techne Corporation ($TECH) Healthcare -19.0%, conf 92: rates drag, but short interest and 60d volatility add to it. Molson Coors Beverage Company ($TAP) Consumer Defensive -18.9%, conf 91: short i