US stocks reopen Monday with the 10-year Treasury yield at 5% and the Dow down more than 1.5% last week. A missile strike on Riyadh adds oil risk on top.
Four events shape the days ahead. Yemen’s Houthi rebels struck the Saudi capital on Saturday. Fed officials speak and growth data lands Wednesday. President Donald Trump hosts Chinese President Xi Jinping on Thursday.
Why 5% on the 10-Year Sets the Price of Every Share
The bond market is where this week starts. A US government bond now pays 5% a year and carries almost no risk. Every company listed on Wall Street has to beat that.
Yardeni Research founder, Ed Yardeni, has already cut his…
