One factor that could ‘break’ the #equity #bubble is any further rise in US bond #yields. The last time US #PEs were this high was in 2021 when the 10y yield was a supportive 1%. With Ice Age inversion of bond/equity correlations now ended, any further rise in yields would be problematic for #stocks.
https://x.com/LanceRoberts/status/1869347176851050698
