Which Hidden Market Risks May Be Exposed by the Stock Sell-off?

The video discusses the impact of higher interest rates on various sectors, particularly those most exposed to rate changes. It highlights the shift away from defensive areas like telecoms and utilities, which act as bond proxies. The rise in real rates is examined, revealing significant leverage in the financial system. Despite rising rates, real rates remain low. The video also explores how financial conditions have evolved with interest rate hikes, affecting equity markets, bond yields, and the dollar's strength.

How have financial conditions changed in relation to interest rates and equity markets?

What trends in equity markets and bond yields are highlighted in the text?