Possible scenario
Yields Cap Upside
28% Chance
The equity market initially welcomes JPMorgan's bullish stance, but the 10-year Treasury yield near a 24-year high keeps valuation pressure elevated. Gains are narrower and defensive leadership improves as investors question how much multiple expansion is possible.
Initial impacts
- Market volatility Up
- 10-year Treasury yield Up
- Riskier companies' borrowing costs Up
Secondary impacts
- Technology -0.8%
- Consumer Cyclicals -0.4%
- Utilities +0.3%
Portfolio impact
S&P 500-0.5%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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