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The U.S. stock market can’t seem to figure out whether the recent decline in Treasury yields is good or bad for equities, according to DataTrek Research.
“The tie between 2-year yields and S&P 500 returns is mostly clear” over the past 16 months, Nicholas Colas, co-founder of DataTrek, said in a note Monday. “When rates are rising, the index drops. When rates stabilize, the S&P rallies.”
But…
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