S&P 500 Rally Meets Pressure From Treasuries and Mega AI IPO Wave
The S&P 500 is facing a fresh valuation test as bond yields look increasingly competitive against equities. A chart shared by Lisa Abramowicz showed U.S. 10-year Treasuries offering one of their strongest yield advantages over the S&P 500 earnings yield since 2003. That gap places pressure on the stock market’s core argument. Either corporate earnings […]
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