We don’t know how high is too high. But is it likely that 1.5% treasury bond yields are going to be an insurmountable absolute level for the stock market? No it isn’t. And if history is any guide, we should be welcoming rising rates that are rising in response to higher growth expectations.
This chart looks exactly like it should for a growing economy coming out of an emergency. Yes, valuations for most expensive growth stocks and speculative assets should adjust lower. So f***ing what. It’s the stock market, not a CD from a bank.
Read Ben Carlson and tell your friends. Stop paying attention to people who make their living scaring you into bad behavior.
How Does the Stock Market Perform When Interest Rates Rise? (A Wealth Of Common Sense)
