I think the key point is just equities will also go down if real interest rates rise (all else equal) and plausibly by more than a 20 year bond.
I agree, although I’ll give you good odds the 20y moves more.
I think the key point is just equities will also go down if real interest rates rise (all else equal) and plausibly by more than a 20 year bond.
I agree, although I’ll give you good odds the 20y moves more.