The Fed hiked. Now watch the bond market

The U.S. Federal Reserve delivered its first rate hike in three years, but the bond market may be telling the more important story. David Nelson of Belpointe Asset Management explains why Treasury yields remain the key indicator for investors, what a 5% 10-year yield means for stocks, and how growing political pressure on AI and data center expansion could reshape the next leg of the market rally. Plus, we discuss market breadth beneath the surface of the S&P 500 and break down J.B. Hunt's profit warning and the technical levels traders are watching. 00:00 – Intro 02:25 – Market Insights 15:18 – Technical Take