Two big groups of companies (Nasdaq and S&P 500) are expected to start with more money today because people think they will do well in the future. This is because a number that shows how much it costs to borrow money (bond yields) has gone up, which can mean good things for these company groups. However, there is also a warning sign that says this might not be true and could cause problems later on. People are waiting to see what happens when a report about prices of things made in the US comes out today. Read from source...

- The title is misleading and sensationalist, as it implies that there is a clear warning signal that could pose a risk to the equity market rally, but does not provide any evidence or analysis to support this claim. It also uses vague terms like "could" and "potentially", which do not convey a sense of certainty or confidence.
- The article focuses too much on the technical aspect of bond yields and treasury rates, while ignoring the fundamental factors that drive the equity market, such as earnings, growth, valuation, sentiment, etc. It also assumes that rising bond yields are always bad for stocks, without considering the possibility of a rotation or rebalancing among different sectors and asset classes.
- The article cites only one analyst, who is from LPL Financial, a brokerage firm that may have a conflict of interest in promoting its own investment strategies and products. It does not provide any alternative perspectives or data to challenge or validate the analyst's view. It also uses vague terms like "defensive sectors" and "international equity markets", which do not specify what they are or how they are affected by rising bond yields.
- The article ends with a brief summary of the upcoming economic data, but does not explain how it could impact the market or why it is relevant for the readers. It also fails to mention any other important news or events that may influence the market dynamics or investor sentiment.

Bearish
Analysis: The article discusses the potential risks to the equity market rally due to rising bond yields and resistance levels. It also mentions defensive sectors and international markets that could be affected by the change in relative strength depending on whether yields go higher or lower. This suggests a cautious outlook for investors and a possible weakening of the market, which indicates a bearish sentiment.

Possible headlines:
- Nasdaq, S&P 500 Futures Rise Ahead Of PPI Data: Analyst Flags Warning Signal That Could Pose Risk To Equity Market Rally
- Why Nasdaq, S&P 500 Are Set To Open Higher Today
- How to Profit from the PPI Data and the Bond Yields in 2021