Notes d’épisode
"Something always breaks." That was the warning in a CNBC story last week, citing 16 times since 1970 that a rapid rise in rates came with a financial crisis. With the 10-year Treasury at 5.18%, up 121 basis points since February, it's a fair question. So, we ran the numbers. What we found: → There weren't 16 rapid rises in the 10-year since 1970. We count 32. → 69% of the 16 on the list were followed by a 10%+ drop in the S&P 500. → 69% of ALL 15-month stretches since 1970 contained a 10...
