# @benzinga on YouTube - **Type:** Video - **Original URL:** https://youtube.com/watch?v=iacHlSsjufk - **Gondola URL:** https://gondola.cc/posts/71296058-benzinga-youtube - **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/84ed8cf2fc.jpg - **Posted:** 2026-10-01T14:20:50.000+00:00 - **Account Owner:** Benzinga | News That Moves (@benzinga) โ€” https://gondola.cc/benzinga ## Caption Oil is up, bonds are down, and stocks are still pushing higher. Veteran options trader Tony Battista says that mix makes this probably one of the toughest markets for anyone trading off a macro view. On The Drift with Adam Mesh, Battista lays out the disconnect he was watching in real time. Oil was higher and bonds were lower, yet the market had barely seen a downtick. He notes that E-mini S&P 500 futures were up 35 to 40 points while the small-cap Russell 2000 was down on the day, before the Russell started catching a bid. Bond yields are a big part of that backdrop. The 10-year Treasury yield touched roughly 5.29% on Sept. 29, a level not seen since June 2007, while the 30-year yield reached about 5.62%, its highest point since June 2002. Oil prices have rebounded in recent days as a U.S.-Iran deal looks less likely, and more expensive fuel has raised fresh concerns about inflation, helping lift long-term yields. Fed Governor Michael Barr has signaled the central bank likely isn't done raising rates, and as of Sept. 29, fed funds futures showed roughly a 51.5% chance of at least a quarter-point increase at the October meeting. That pressure has been landing hard on small caps. Higher rates and weaker bond prices have weighed on the Russell 2000 in September, which is why Battista's read on the Russell slipping while S&P futures rallied stands out. Why it matters for investors: Battista's point is that the usual cross-asset signals aren't lining up. When oil and yields climb together while large-cap stock futures rally and small caps lag, traders who rely on those relationships may find this market especially hard to read. Tony Battista, known as "The Bat," started his career as an independent market maker at the Chicago Board Options Exchange and later traded 30-year bond futures at the Chicago Board of Trade. Watch the full episode of The Drift on Benzinga's Youtube channel. #StockMarket #Bonds #OilPrices ๐ŸŒ Find more market-moving insights at https://www.benzinga.com โ€” your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. ๐Ÿ–ฅ๏ธ Want the same tools the pros useโ€”without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. ๐Ÿ‘‰ https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ ๐Ÿ“ฒ Follow us on socials @benzinga ๐Ÿ”” Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ โš ๏ธ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. ## Stats - **Views:** 420 - **Likes:** 2 - **Shares:** 0 - **Comments:** 0 ## Tags stockmarket, oilprices, bonds --- Copyright (c) Gondola