Swordfishvegetable – X, Released on 10/3/23

The 30-year is now at 4.86%.

I don't think anyone realizes just how detrimental this is to equity risk premium.

With rates here, and the pe of $SPX at a historically high 29. there is literally NO upside to equities. pic.twitter.com/RIWnxGdcSB

— Swordfishvegetable (@Swordfishv44183) October 3, 2023