Stock Market Hits Rate Pain Threshold Goldman Sachs Warned About
- Bond turmoil spilling over with Tesla leading Nasdaq rout
- Pension rebalance seen exacerbating the equity carnage
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Just a few days ago, equity bulls were saying that they weren’t too worried about rising bond yields. Rates were still low, they explained, and as long as the pace of increases was orderly, stocks would be fine.
Thursday’s market turmoil may put an end to that argument.