Ep. 25 - High Interest Rates Won’t Kill the Equity Rally
The market’s latest top macro worry is rising long-term interest rates. We’ve seen this movie before.
10-year Treasury yields recently hit 4.8%, their highest since peaking at 5% back in October 2023.
Back then, we told you to Disregard the Rate Scare and Buy Stocks Now. The S&P 500 is up 40% to 6100 since we published that report on October 9, 2023, when the index sat at 4335.
Today’s note echoes that piece: High interest rates won’t kill the equity rally.
Disclosure: This recap uses AI to better explore our post here…
The skinny
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