For our Q3 2026 Equity Market Observations video, Intech’s Chief Investment Strategist Richard Yasenchak, CFA examines how rising bond yields, shifting market leadership, and narrow participation shaped equity returns. While the S&P 500 Index posted a quarterly gain, just four companies had a disproportionate share in its advance. Richard discusses the challenges this created for diversified investors, and what signs of broader market participation we’re watching for.