S&P500 — Rates? What Rates?
The S&P 500 continues to consolidate close to record highs, with US equities so far largely shrugging off the sharp rise in Treasury yields since the beginning of September.With the 10-year Treasury yield at multi-decade highs, the resilience of US equities is becoming an increasingly important cross-asset divergence to watch.
Watch the divergence — when equities finally start listening to bonds, the repricing could be swift.Trade US500 with Headway
