Bob Iaccino breaks down the latest price action in Russell futures as the September contract underperforms the other three major U.S. index futures. He explores how renewed Middle East tensions and rising Treasury yields are keeping inflation concerns in focus, directly impacting small caps due to their reliance on floating rate debt. Iaccino also examines how company-specific news, including takeover activity and policy reversals, is driving individual stock moves rather than broader interest rate narratives.