New York CNN —Millions of Americans have watched their net worth spike since the pandemic, powered by meteoric gains in the stock market.
The fear is that this could set the stage for a market drop so painful that it endangers the overall economy.
Investors must think carefully about how much risk they are taking.”Of course, it’s notoriously difficult to time the stock market.
Ed Yardeni, president of investment advisory Yardeni Research, warns that the stock market will get “spooked” if a bond market selloff pushes the 10-year Treasury yield close to 5%.
“We could see a pullback, but I think it would be temporary and perhaps healthy, preparing the stock market for the next leg up.”
Persons:
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Organizations:
New, New York CNN, Moody’s, CNN, Nasdaq, Dow Jones, Asset Management, Bloomberg, Getty, Reserve, UBS, Apple, Meta, Microsoft, Nvidia, Tesla, Dow Jones Indices, Trump, Reuters Investors, Treasury
Locations:
New York, frothy, Japan, Washington