Markets price a higher chance of additional Fed hikes after September CPI; the dollar index sits at multi-month highs.

Markets are digesting a clear Interest Rates, Macro catalyst titled "Markets price a higher chance of additional Fed hikes after September CPI; the dollar index sits at multi-month highs". Moves in duration reprice equity multiples and credit conditions across the whole board, not just one sector.

Rate-sensitive growth stocks, REITs, and long-duration tech usually feel the move first when the long end jumps or collapses. Yields are the transmission: the equity implication only sticks if the long end stays in motion after the headline. Follow-through in the 10Y over the next session. That is the near-term setup investors are pricing, not a settled regime change.