As of Sat 2023-02-18, using 2-day ahead horizon, the causally predictive factors behind US 5-, 10-, 20-, 30-Year Real Interests DFII5, DFII10, DFII20, DFII30 are

ASML Holding ASML (industrial, semiconductor manufacturing)
iShares MSCI Switzerland ETF (equity, Switzerland)
Regeneron Pharmaceuticals, Inc. REGN (pharmaceutical)
S&P MidCap 400 ETF MDY (equity, US, midcap)

As a reminder, real interest rate is the nominal interest rate minus (market-implied) inflation rate.

On the side of equity, the top drivers behind the US stock index ETFs QQQ, SPY, DIA are

Alphabet Inc GOOGL (technology, Internet service)
NXP Semiconductors NXPI (industrial, semiconductor)
Paychex Inc PAYX (service/technology, payroll processing)
Pepsi Co PEP (consumer, beverage)
Thermo Fisher Scientific Inc. (service/technology, scientific instrumentation)
Coca-Cola Co KO (consumer, beverage)
Industrial Select Sector SPDR XLI (industrial, US, industrial)

February was a volatile month, and the picture was delicate. Over the last 30 days,

GOOG went down a bit
ASML about break-even (providing some support for real interest rate), NXPI grew (providing support for stocks)
PEP grew, KO about break-even (at least none went down as a gauge of general consumer)
Higher P/E (31) TMO went down, relatively more moderate P/E (22) XLI went up

P/E stands for Price/Earning ratio, which measures the valuation the market gives to all the future cash flow generated by a stock. Usually people quote 15-16 for average P/E ratio for US stocks post-war.

Time Series Terminal’s Newsletter

2023-02: GOOG tame