Continuing our theme of market-forces looking shaky…
Goldman Sachs analysts, including David Kostin, chief U.S. equity strategist, wrote in a research report dated Oct. 4, that stocks in the S&P 500 index “typically cannot digest rapid rises in bond yields,” like the one that played out last Wednesday and Thursday…
“When bond yields have risen by more than 2 standard deviations in a month (40+ bp), S&P 500 returns have typically been negative.”
…Goldman forecasts that 10-year yields will climb 3.4% by the end of 2019