The 30 year yield reached 5.7%, its highest since 2002, in the same week the S&P 500 set a record, so the multiple compression part of this thesis is not showing up in the index.
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The 30 year yield reached 5.7%, its highest since 2002, in the same week the S&P 500 set a record, so the multiple compression part of this thesis is not showing up in the index.