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S&P 500: Everything Is Fine Until Earnings Disappoint

Source: seekingalpha.com

Interest Rates & YieldsMarket Technicals & FlowsInvestor Sentiment & Positioning
S&P 500: Everything Is Fine Until Earnings Disappoint

The S&P 500 has risen 1.1% despite a 58 bps increase in Treasury yields since August, showing reported sensitivity of just 14% to rate changes. Its yield gap to Treasuries is near zero, leaving equities highly sensitive to earnings-growth expectations.

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