Michael A. Gayed: S&P 500 gains 0.6% as 10-year closes at 5.13%

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S&P 500 up 0.6%, 10-year hits 5.13%

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22.10.2026

Michael A. Gayed: S&P 500 gains 0.6% as 10-year closes at 5.13% — S&P 500 up 0.6%, 10-year hits 5.13%

The S&P 500 rose 0.6% to 7,757, while the 10-year yield closed at 5.13%.

Michael A. Gayed added that stocks are pricing growth and bonds are pricing the discount rate, stating that one of these market perspectives will have to change.

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Michael A. Gayed previously discussed APLD’s $3.0 billion in capital expenditures and $116 million in expected revenue as the company reported earnings. He also reported that ACN’s third-quarter revenue increased 6% while bookings declined 2%. Both updates offer recent context to his latest market perspective.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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