The Strategies that Worked Over the Past 6 Months...Will Not Necessarily Be What Works for the Rest of 2024
- How many people realize that the yield on the U.S. 10-year Treasury note has only traded higher than where it stands today for FIVE weeks over the past 17 years? This would not be a big concern if the stock market was trading at 16x forward earnings and 1.4x sales. However, at today’s very elevated valuation levels, it means investors need to be careful about assuming that what has work over the past six months in the stock market…will work over the rest of this year.
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