Tuesday's S&P record ran on one engine: a narrow index tape, a utilities breakout on a single power deal, and a 10-year yield that paused at support rather than reversing.

Three Chart Room tells after Friday's yield breakout: high yield credit cracking, breadth better but narrow, and stocks that haven't priced the bond move yet.

Weak jobs, higher yields, and a board split clean between rate-sensitive sectors and a handful of mega caps that didn't notice. Bad news stopped being good news.