The 10-year Treasury yield temporarily crossed above 5% on Thursday following Fed Chair Jerome Powell’s comments on inflation and higher for longer interest rates, putting a squeeze on traditional equity markets. Lisa Erickson, U.S. Bank Senior Vice President and Public Markets Group Head, emphasizes a neutral stance on equity investments as markets make sense of consumer resiliency and higher interest rate pressures.
“You’ve got this balance of puts and takes right now, and so we really feel for clients to be neutral to whatever is typically their long-term allocation to equities makes sense,” she tells Yahoo Finance
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